EUR/USD/FXWW News/GBP crosses/Trade Ideas

EUR and GBP staying rangebound

  • EUR/USD looks technically toppy in short-term so long as 1.3425/50 resistance is able to hold;
  • Bank reports continue to suggest that this pair underpinned by strong structural demand and will break higher once the speculators wilt;
  • Cable back at familiar levels after Carney’s speech delivered nothing new;
  • EUR/GBP (surprise, surprise) still trading around .8600.

I’m still comfortable with long cable and short EUR/GBP position.

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