EUR/GBP: Sticking with short position for now
It’s the end of the month which usually means that the Buba will buy their big tranche of EUR/GBP, so this is something for shorts like me to be wary of. The falling oil price usually affects the GBP to a modest degree, another factor to keep in mind.
I haven’t traded this position very well so far, and its hard to go from bad-trading to good-trading of a position overnight. I’m short at close to current levels and will persist for now but I’ll exit at the first sign of a base forming on the short-term charts.