Euros Pounds Monthly Chart - 2nd February 2009

Sadly last month’s candle in the monthly chart, provides little in the way of a confirming signal to our analysis from the weekly chart for the euros to pounds currency pair. In this case, last month saw a significant down bar, following the wide spread up bar of the previous month, and there are few conclusions to draw from this two bar pattern, so for a longer term trade we will have to wait and see. My suggestion for trading in euros to pounds is therefore limited at the moment to daily and weekly trades as suggested in those articles.

Leave a Reply