In the August 30th edition we pointed out that the Euro had become strong enough to make a top extension against the £ and that it should be sold. This marked the top of the move and the Euro has since weakened against most currencies. Separately, the £ has strengthened and so this pair (the €/£) has now made a bottom extension. Take profits.
All signals courtesy of software supplied by our friends at Parallax Financial Research www.pfr.com