investors intelligence
Generating first rate investment advice since 1947
Sample Research


Services:
From : FX Daily Hotline: 19 December 2014
Chart of the day: Euro tests base theory v £

 

The Euro has been rangebound against the British Pound for a number of months.  The latest reaction from the upper boundary; at the 200-day moving average, puts the basing hypothesis under the microscope.  The single European currency points towards the floor area at £0.7867, which is close to the 2012 platform at £0.7755.  A breach would renew the downtrend from the 2013 ceiling near £0.8800.

 

Season's Greetings!  Normal service will resume in the New Year.

 






Subscribe here: