EUR/GBP keeps marching on

Source: www.forexlive.com

EUR/GBP initially stopped at technical resistance around .8935 but even that was not enough to stop the upward momentum. EUR/USD is where we left it yesterday but cable is 100 pips lower, again. There has been talk of good sized bids at 1.6410-20 in the cable but I suspect that there will be a lot of stops just below there as well. We are due for a busy session in Asia after what has been a very quiet week here. Let’s hope today’s the day. Good luck today and TGIF.


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