06th Dec - Is EUR/GBP Trying to Base?
06 December 2012
WEEKLY CHART:
The recovery has already seen the 23.6% retracement exceeded. If a base is completed – see below – then focus would then be on the 0.8261 38.2% level, but the strength should be there to push on to the higher 0.8418 50% level.
DAILY CHART:
Support from the old 0.7947 Mar low recently worked well and the cross has recovered towards earlier resistance around the 0.8153/64 highs. A clear break above these would complete a base formation (inverse head & shoulders) and herald glad tidings for the bulls.
At this stage the positive outlook would turn sour upon a reversal below the 0.7958 08-Nov low.
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7th December - Irrepressible Bonds 
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06th Dec - Copper Bounded by 76.4% Levels