Thursday, 10 May 2012

EURUSD and GBPUSD under pressure

 USD is getting stronger against EUR and GBP. Fears in eurozone influenced by the Greek election results, push EURUSD below our important neckline. This is very bearish for the pair targeting prices towards the lows of January.
GBPUSD bullish wave count as posted a few weeks ago might be in danger as USD gains ground. My wave 1 is at 1,6062 so the expected wave 4 should not overlap this price level.

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