Big Breakout for the Euro and Pound

Just wanted to cheer on this week's impressive upswing in the EUR/USD and GBP/USD pairs - fortunately I was able to jump into the rally with both feet and am currently up 370 pips with my GBP trade and 240 pips with my Euro trade. The EUR/USD pair is now at its highest level since September 2005, and the GBP/USD its highest since January 2006.

According to predictions derived from my study of the Dow Jones Industrial Average, today's surge in the DJIA points to a further increase in the Euro-Dollar pair tomorrow. Likely to see similar movement in the GBP/USD, which is closely correlated with the EUR/USD.

One word of caution - there's likely to be pressure building among traders to grab some profits soon (I know it's crossed my mind) which may begin to moderate this uptrend. Good luck Cable and Euro longs!