The euro continued to fall against the pound and was stuck near its lowest level in more than a month versus the dollar Thursday morning in New York, as world leaders convened the G20 summit in South Korea. Meanwhile, the European Central Bank can raise its
interest rates before phasing out all of its extraordinary measures taken during the height of the financial crisis, the bank's Executive Board member Jose Manuel Gonzalez-Paramo said. The euro fell further versus the sterling, touching 0.8481 -- its lowest since late September.
Plan: A Bullish Bat formed on the 4hr chart looking to go long on 1hr conformation signal @ 0.8334 1.618% expansion fromA= 0.8950 to B=0.8658 C= 0.8816 D=? A-B-C-D?
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