Hi everyone, for today’s presentation I stick with the majors and analyze the Pound USD, Euro USD and Euro Pound. The Pound has hit some significant support on a weekly chart so the question for us over the next 48 hours is whether we are going to see a significant pullback or is price determined to continue to the short side? All three currency pairs today are looking trapped on the medium term and I make use of some simple price traps to determine direction. Good luck!!
David Pegler
"Optimism means expecting the best, but confidence means knowing how you will handle the worst. Never make a move if you are merely optimistic"
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