Daily FX Training | Learn Forex with the Dynamic Traders

Dynamic Trader Blog - Forex Chart Pattern Signals

Wednesday, June 03, 2009

Another breakout on the horizon

Good Day Dynamic Traders,

Following our mentor's excellent guidance, today's post is of the EURGBP. The weekly chart shows price was holding the Fib breather levels since the beginning of the year with no real trend.

The daily chart below shows price has tested the resistance/support level and has managed to break through it. In addition it has broken through the value index and is showing potential signs of gathering momentum. As always no one knows what is going to happen so in order to avoid FBO's do employ appropriate filters.
















Safe Trading!
Bijal Shah

Labels: