• EUR/GBP has been one of the trades of choice for professional traders over the last few months and there is still heavy bearish sentiment and positioning. With some mixed signals coming from the UK labour market, we could see any indecision turn into a stop-loss chase. Selling rallies still preferred but it looks as though we will get some.
  • EUR/CAD and EUR/AUD have also joined in the short-squeeze and will likely take their main lead from EUR/GBP.

All of these markets should offer some good two-way trading opportunities.