EURGBP trading back to EU referendum price
This is a Wyckoff topping pattern.
We are going to unwind the move that led to the rally in EUR vs Sterling.
Brexit fears have been price in on the most part, and the Eurozone is looking pretty weak, if not for the ECB propping up the currency with QE still.
I do not think this propping up will end, either.
We are going to unwind the move that led to the rally in EUR vs Sterling.
Brexit fears have been price in on the most part, and the Eurozone is looking pretty weak, if not for the ECB propping up the currency with QE still.
I do not think this propping up will end, either.
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