EURGBP was still forming the symmetrical triangle formation (indicated by the yellow lines) yesterday. Now, it had broken down from the said formation in the 3-hour chart (indicated by the red circle).
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noticias forexsays
the eur/gbp looks to be breaking down even further.
the EUR has been crushed against almost every cross the last few months.
do you suppose that this is all greece and PIIGs related or do you think there is something else going on here?
Almapalsays
I think the Greece and PIIGs issues are the big cause for the EUR’s decline but these were all caused by the US market slump few years back. Like a domino effect, they got hit and there might be more countries that could possibly follow aside from Greece at current.
the eur/gbp looks to be breaking down even further.
the EUR has been crushed against almost every cross the last few months.
do you suppose that this is all greece and PIIGs related or do you think there is something else going on here?
I think the Greece and PIIGs issues are the big cause for the EUR’s decline but these were all caused by the US market slump few years back. Like a domino effect, they got hit and there might be more countries that could possibly follow aside from Greece at current.