EUR/GBP - Euro Dominance Resumes

As shown on the EUR/GBP daily chart, after making a minor bearish correction in the current steep uptrend, the euro has begun to resume its dominating position over the British pound. Price is currently approaching the 0.9300 high (almost a 6-month high) that was reached early last week with a clear shooting star candle. For more technical analysis on this currency pair, please click here for Tuesday’s (10/06/2009) Chart of the Day.