FXWW News/GBP crosses/Trade Ideas

EUR/GBP: Sell rallies but .8300 looks cheap-ish in short term

I’m not able to post charts at the moment but a quick view at the weekly chart confirms to me that EUR/GBP is near the bottom of a downward sloping channel; the trend is bearish and I still expect to see prices below .80 early next year but this pair doesn’t move fast so patience is required.

I’d suggest that .83/.85 will contain for the next few weeks and as we know, this pair will edge higher as CB buying kicks in towards the end of the month.

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