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- richieforex replied Mar 11, 2015
I enjoy trading this cross rate and have done well out of it recently however I am now on the sidelines now. It is overextended and sure it has potential to drop further but when a reversal occurs it will be quick. In you are still shorting I ...
EUR/GBP Trading Room
- richieforex replied Mar 11, 2015
There is no doubt prices are 'stretched' but the biggest trap traders can fall into is saying 'prices must reverse' only to continue. Phases like this requires patience and if you decide to trade with the trend go in light and look to add in to your ...
Cable Update (GBPUSD)
- richieforex commented Mar 11, 2015
Its ATR is well below average, I think people are looking for the 150 plus pips per day. Looks overextended but not many people will want to be long!
EUR’s Slow Grind to Parity
- richieforex replied Mar 11, 2015
Like the DXC euro looks overextended. I would look at targets of 1.0529 with a break below 1.0554
EURUSD