I am currently holding a long position in EURGBP for the short term due to the confluence of several factors:
1. Demand zone touch: The price has reached a historical support area at 0.8800 where buyers are expected to intervene. 2. Economic expectations: Recent improvements in Eurozone PMI data could strengthen the euro against the pound sterling.
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.