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Trend of the Day - EUR/GBP
Wednesday, 26 August 2009 11:45:00 GMT  |  Gregory McLeod, Power Course Instructor
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The Euro Pound Resurrection?

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After reaching a high of .9803 at the end of last year, EUR/GBP hopes of a parity party was dashed as the 8 month slide brought the pair down to its knees at the June lows of .8417. This happened to be the 61.8% Fibonacci retracement zone of the October 20th 2008 .7692 run up to the December 2008 high of .9803. Look for this pair to challenge its June 5th .8869 high in the coming days with .9005 well within reach.
 
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