A Blog of Commentary and Ideas from an FXstreet Premium Member by 
Happy New Year’s Eve to All !
I thought we would revisit our big Battle of the English Channel going on with the EuroZone and the U.K.
It is certainly timely since we have had such devisive appreciation of the Euro in this case…Her Majesty may need us to rescue Her again from the Deep Blue! 
When we last looked at the Pair, here is what we had.
I kept the original Chart from that Post a couple weeks back….and what a difference those several trading day made!
Our Daily Bull Flag certainly came to fruition in a massive way and even reached a new paradigm in Price!
(click once for captures)
We never did have a correction there, did we!
Down on the Hourly, I have written my current Price action views on the Capture, so be sure to give it a “click”!
It really is my personal view that the Bank of England will cut rates again next week…
It really is my personal view that the European Central Bank will pause and hold rates at their next meeting…
So where does that leave us if my views come to fruition?
“Parity my dear friends and colleagues…Parity, I say!”
Parity!
DISCLAIMER:
If I am right…I give my U.K. friends…led by my dear FXstreet Premium friend, Ray….full permission to drown me in the Thames!
If I am right…I give my EuroZone friends and everyone at FXstreet…full permission to throw me a big party in Barcelona!
Either way…I’m pretty neutral about it, wouldn’t you say??? …hee hee hee…
CVJ/Tim, Re: EUR/GBP, even with your permission, I would never drown you in the Thames. You are too good a friend. Do you know how cold it is this time of year.
Hi Ray!
Yes, indeed…I was only being facetious!
It appears after seeing the massive reversal with Pound strength today…that we just may be celebrating in London after all!
A fine New Year’s Eve present for the Queen!
Sincerely,
- Tim -