For someone who’s been short and bearish for months, I’m surprised at how bullish I’ve now turned. Thankfully a good friend convinced me to cut my shorts below .8200 and now he’s screaming at me to buy dips, perhaps I should listen.
EUR/USD has been trading in a constructive bullish mode for the last few weeks and there seems no reason to doubt that this will continue. Cable on the other hand is starting to obey bearish technical signals.
All of which points to a perfect set-up for a bullish EUR/GBP play. First strong support is at .8325.