Suminski
Long

EURGBP medium and long-term analysis

FX:EURGBP   Euro / British Pound
Analyzing the previous Commitment of Traders report, we can see that leverage funds have increased the number of their long positions by 3,754 contracts for EUR, while for a long time they are selling out the British pound. This, combined with the analysis of the trend, and political events (the resignation of two important ministers in the United Kingdom) may mean that the EURGBP pair will be in an upward trend.

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