How the Sterling should fare against the Euro

Now that it looks like the Sterling's currency has at least leveled off. This chart will give you a very good indicator of what the Euro will do to the Sterling in the next couple of months or so.

Notice that 38% retracement happens to coincide with the trend line that I drew. So, if we break through 38% towards 50%, you obviously have a significant break of a trend line that started in November.



Great trade for you to give your broker and have him watch for a few weeks.