REASONS:
EUR: INFLATION STUBBORNLY LOW
GBP: BREXIT AGREEMENT TO BACKSTOP SOON FINALISED
GBP: PARLIAMENT LIKELY TO VOTE ON AGREEMENT POSITIVELY
EUROZONE PRESSURED BY LACK OF GROWTH AND ITALIAN BUDGET ISSUES STILL NOT FINALISED
EUR MERKEL SOON LEAVING POWERE LEAVING UNCERTAINTY
TECHNICALS
RESISTANCE AT 0.9060 NOT BREAKING THROUGH
NEXT SUPPORT AT 0.8942
RISKS TO THE TRADE:
BREXIT AGREEMENT IS VOTED DOWN BY UK PARLIAMENT
EU REFUSE TO CLARIFY 'BACKSTOP'
EUR: INFLATION STUBBORNLY LOW
GBP: BREXIT AGREEMENT TO BACKSTOP SOON FINALISED
GBP: PARLIAMENT LIKELY TO VOTE ON AGREEMENT POSITIVELY
EUROZONE PRESSURED BY LACK OF GROWTH AND ITALIAN BUDGET ISSUES STILL NOT FINALISED
EUR MERKEL SOON LEAVING POWERE LEAVING UNCERTAINTY
TECHNICALS
RESISTANCE AT 0.9060 NOT BREAKING THROUGH
NEXT SUPPORT AT 0.8942
RISKS TO THE TRADE:
BREXIT AGREEMENT IS VOTED DOWN BY UK PARLIAMENT
EU REFUSE TO CLARIFY 'BACKSTOP'
Comment:
TARGET HIT 31 DEC 14.00 - TRADE WON
Trade closed: target reached