Saturday, 26 January 2013

EUR/GBP Forecast January 28, 2013, Technical Analysis

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More at http://daily20pips.blogspot.com/2013/01/bar-refaeli-knows-lot-about-underwear.html

The EUR/GBP pair had another stellar session on Friday as the buyers continue to take control of market. We managed to close above the 0.85 resistance level, an area that we had suggested it could cause problems previously. This being said, we would expect some type of pullback in this general vicinity, but also would expect that to be a buying opportunity. As the pair currently stands, we like the idea going long, but we believe that pullbacks will be the way to enter this pair as it has been so parabolic lately.

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