Thread: Can I expect EUR/GBP to go back down?

I have some since EUR/GBP took its rise that is darn Sell trades open a few weeks. Anyone know if EUR/GBP is going to go?

I heard it will stay about .7000 in a bid to teach people to use stop losses.

If you have a look at EG in the long run. It is the most range jump pair on the market.
We're on peak of the range today, therefore if the past is any indiion, yes it will delcine. When? Who knows. Probably once you have given up and taken your loss. Markets are like this. This is one of my favourite pairs to exchange.

It wont turning ....believe me

Originally Posted by ;

it will turning ....believe me

Really? Though it has been range bound since 1997 more?

What do you feel has changed in this pair to warrant your statement?

Stoch daily is currently starting to turn so it's might be possible you could get your money back back sooner than later I hope.

Good luck.

Accept your loss and move on. I cannot understand the way you still have a sell position(from a couple weeks ago ) although there was and still is a clear uptrend.
You aren't always right. If the market does not what you stated it should do, accept it and proceed. Or wait until your account has been blown. You pick

Originally Posted by ;

Really? Even though it was range bound since 1997 more that 10 decades?

What do you feel has changed in this pair to justify your statement?

Fundamentals doesnt look good for gbp,. . .since thos northeren rock problem,. . I mean contrary to the euro ofcourse,...I believe that having a SL is a smart thing in eur/gbp...

You're still within.7 and .66 range, let us see what happens next until you make another move.

Originally Posted by ;

fundamentals doesnt look great for gbp,. . .since thos northeren rock issue,. . I mean against the euro ofcourse,...I think that having a SL is a wise thing in eur/gbp...

Hehe just for kicks I took your chart and finished it with a WW. Looks just like a down movement... I of course don't put much believe in patterns. LOL

I am ready to exchange what ever direction the EG goes... Like I stated, this is one of my favourite pairs.

Edit, I removed the image, since I just realised this is probably proprietary.