EUR/GBP: Should offer good two-way trading opportunities
I haven’t been trading this pair actively enough to have a strong grasp of what the big levels are, but sentiment has certainly taken a turn over the last few days and both bulls/bears can make reasonably strong arguments; a perfect case for the FX trader.
Most of the fundamentals are still weighed heavily in favour of the GBP but the market is already positioned in this direction. With the Scottish referendum causing a lot of uncertainty we will see these EUR/GBP shorts getting increasingly nervous.
It’s definitely worth watching this pair closely for the next few sessions.