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Euro Weakness EURGBP
Euro / British Pound
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Euro Weakness EURGBP
By MSI_JAL26
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Feb 21, 2021
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Feb 21, 2021
As the UK comes out of lockdown and the economy re-opens I expect that the GBP strength will continue.
Next level is a 4% drop in EURO value against the GBP, 400+ pips, trading from the weekly chart.
My stop levels are large, but will still only be 1/2% risk for me. The total trade is a 2.74:1 risk reward (slightly under my minimum 3:1).
I like the feel of this trade from a price/trend continuation point of view and fundamentals.
Let me know what you think? Could we push even lower to pre-brexit levels?
brexit
brexitargets
Chart Patterns
EURGBP
eurgbpshort
Fundamental Analysis
gbpstrength
Trend Analysis
MSI_JAL26
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