I WILL BE BUYING EUR/GBP at 0.6750




BUY EUR/GBP at 0.6750 or lower
STOP-LOSS at 0.6705
TARGET: In the direction of 0.6900

REASON FOR THIS TRADE: A quick punt on this pair as news of foot and mouth disease hitting some parts of the UK. Will it have a negative impact on sterling? Hard to say, but it could get the pair moving north a bit and maybe momentum might kick in. Still think EUR/GBP should be higher than its current price due to interest rate outlook for the future by the ECB and the BoE.

GOOD LUCK.
UPDATE: 8th of August 2007. Trade closed +29 points of profit taken on this trade. Sterling was very strong today. (The MAD COW!!)