BombayBulls

EUR/GBP - Looking for 0.9000 In Coming Days - 7/6/2016

Long
FX:EURGBP   Euro / British Pound
If you consider the argument about medium term divergence between BOE and ECB then you can see the clear EUR/GBP trade. Pound ( GBP/USD ) is expected to fall at least 10 big figure in near future and until Euro catches up, there is still time for EUR/GBP long trade.
We have maintained the long bias for EUR/GBP from last month but unfortunately weren't filled and things took off from just few pips of our entry orders. But still significant upside is left and we are looking to get in during either Euro dip or Pound bounce. Let's see how much we can grab in the range of 0.82 / 0.84.
Other than that, keep buying Gold and Silver :)

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.