Forget Albion. Perfidious Person's has perfidy down to a science.
EUR/USD and EUR/GBP retained their bear signals but have not yet been confiremd by a test of the pps moving averages.
EUR/USD has traded entirely within Wednesday's range, pulling back sharply after a run up but still higher from the open intra-day. EUR/GBP traded for awhile beneath Wednesday's range and then pulled up and is trading narrowly around that day's open. The day the signal was given provides a reference range for my analysis using the pps. A break below the reference range, if it has significant magnitude and persistance, can serve as confirmation of a bear signal. No new pps signals in the 16 currency pairs that I follow. | All about the euro: How it got here, where it's going. |
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