Date : 10/08/2011
News:
By Barbara Zigah (eToro Blog) The Bank of England’s MPC earlier unveiled its quarterly inflation report, with the backdrop of a struggling economy, little prospects for growth, and an exceptionally dissatisfied constituency, with proof seen of that in recent violence on the streets of London, blamed in part on the economic hardships faced by U.K. [...]
http://www.etoro.net/forex-news/european-focus/gbp-european-focus-forex-news/bank-of-england-sees-near-term-rise-in-inflation-to-5-31671.html
Technical’s:
Mr price has fallen through the Poseidon Line and bounced back from the support area @ 1.6180 very near the 200DMA in an attempt to hold the daily pivot @ 1.6244. Possible Elwave scenario 3rd of a 3rd wave down. with a close below 1.6244
Strategies:
Technical’s:
Mr price has fallen through the Poseidon Line and bounced back from the support area @ 1.6180 very near the 200DMA in an attempt to hold the daily pivot @ 1.6244. Possible Elwave scenario 3rd of a 3rd wave down. with a close below 1.6244
Strategies:
According to our 4hr Anchor Strategy we are on the sell side with confirmed cross of relative moving averages 8DMA but not yet the 21DMA (so possiable rally
with an aim to sell rallies @ resistance or high over brough 1hrly stochastics . Closes below 1.6244 sell with stops @ 1.6340 Targets: 1.6163 break of the 200DMA expect further down side
Success %: 79%
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