Risk should get a lift if the EU softens its UK access stand
In the line of thinking that a better deal will be good for both, EURGBP should come off but maybe slower than risk will get a lift . GBPCHF broke a downward sloping trend line at 1.3055,with the 100 MA on the 4H at 1.3060.I’ve converted part of the EURGBP shorts into GBPCHF with a stop back below the break lvls @ 1.3045. Rest of EURGBP still at b/e 0.8844 to guarantee some profit on this exercise after half taken off at 0.8820 on the initial move lower.
If the plan pans out , target will be around the 200MA at 1.3182.
Latest posts by K-man (see all)
- #Canada #Employment report preview. - November 5, 2021
- Rotation, ROTATION! - November 24, 2020
- $CNH living on hopium? Big week for the Yuan this. - January 13, 2020