EURGBP Flat Correction: Bullish Implications

Published June 3rd, 2009 - 07:46 GMT
Al Bawaba
Al Bawaba

The EURGBP decline from .9807 has taken the form of a flat (3-3-5).  The implications are bullish and suggest a run back to .9807.  Short term support is at .8620.  A dip to there would present an opportunity against today's low.