Another one down the chute.
Similarly the 61.8 fib of the 2000 swing is the next big level but some way off from here (probably about 5 minutes away the way things are going right now). That’s at 0.7255 but ahead of it is the 200 mma at 0.7372.
EUR/GBP Monthly chart 23 01 2015
The fib level looks particularly strong as it was also the monthly highs in May/Jun 2003.
There’s a few expletives been heard in Littlestone Towers this morning on account of half my EUR/GBP shorts from 0.80 were in my Alpari account. If it carries on to 0.70 any calls from the administrators to settle the negative balance will be met with a GFY response
