I like shorting EG should we see no big surprises from the UK election. So tomorrow i will maybe enter short if it looks like a quick government will be formed and especially should a majority government be reached. This pair could easily target the 72-72.5 range again in a short space of time in my opinion....... ...
I'm looking for a retrace in EURGBP. It bounced of trend as shown and there is room for a move down short term. There is resistance at 0.724 -0.726 so this will be target 1.
The possible risk could come from UK election headlines, so i will be watching closely.
I like shorting eurgbp at this trendline....... Looking for a pullback on gbp weakness this morning and i'm generally bearish on this pair... As usual for me i'm trading the 5 min chart and i will close out as soon as the indicators have told me the move is over.