Originally Posted by trader123

ECB President Mr. Trichet said that recent economic data pointed toward "a weakening of real GDP growth in mid-2008" following strong growth during Q1.

I have been waiting for a good entry level to buy EURGBP. This has pushed EURGBP lower, creating an opportunity to buy EURGBP at lower price.

Both stochastic and comm channel had signaled buy for EURGBP.

Bought 20,000 EURGBP at 0.7912
Stop level at 0.7890
Target level at 0.7950

Chart: Forex and Binary Trading: Bought 20,000 EURGBP