Here we are tracking the last few weeks of summer with light markets and only a Quarter to go till Brexit. With markets still massively underpricing the odds of a no-deal exit the pound bid will continue to remain absent. Here tracking the pullback in EURGBP as a buying opportunity; I am cautious of prices dropping below 0.900x as it can begin to do technical damage to the move thus far.
We have traded this entire leg live in the attached charts, for those following the previous chapters in this textbook you will know 0.940x is only a matter of time away. There is no escaping further pound devaluation as it must offset the different in balance of payments.
Best of luck all those trading the final session before the weekend.
Trade closed: target reached
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Well done those riding this pig... a simple trade with no drawdown