Trading a 'crossroads' in the euro/sterling exchange rate

Currency trading charts are painting a startling picture in the euro vs sterling rate, says John C Burford. Here's how to play it.

The euro vs sterling (EUR/GBP) rate is dear to the hearts of many UK and European residents and spread betters.

Now is a good time to look at the technical backdrop, since the charts are painting a startling picture. Let me explain.

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John is is a British-born lapsed PhD physicist, who previously worked for Nasa on the Mars exploration team. He is a former commodity trading advisor with the US Commodities Futures Trading Commission, and worked in a boutique futures house in California in the 1980s.

 

He was a partner in one of the first futures newsletter advisory services, based in Washington DC, specialising in pork bellies and currencies. John is primarily a chart-reading trader, having cut his trading teeth in the days before PCs.

 

As well as his work in the financial world, he has launched, run and sold several 'real' businesses producing 'real' products.