Following PA on this pair closely as we are heading into Thursday and Friday with several key macro news off of US (Retail sales & CPI
). I expect the Bank of England to be fairly hawkish in their rate decision meeting and conference tomorrow after that big inflation
number, but don't like to trade the Sterling as it is at highs right no (no pullbacks yet). However, I think a bullish
BoE will strongly support the Euro
crosses as well and could help with this setup as well. Good luck!