Quote: (02-09-2012 03:03 AM)Entropy Wrote:
EUR/gbp. SHORT at 0.8397
i had to do some stuff earlier. i couldnt post. but i did save the chart.
EUR/GBP has appreciated by +26 pips. the GBP manufacturing production beats to the upside:coming in at 1.0% instead of the expected 0.3%. Further lending fuel to the short EUR/GBP. Like i said before, sometimes, technical setups anticipate fundamental release.
Initial setup.
1st update.
the 2nd update is the chart below...showing the growing pips in the direction of the short. (caveat emptor: GBP data on quantitative easing and MPC rate is coming out at 7:00am EST. The minimum bid rate, the purchase facility, official bank rate, etc. the results can potentially throw a wrinkle in the calculus of things. )