The exchanging combination between Euro and British Pound continues:
Diagram 1
Here we are dealing with the capture of the lows, when we successfully trapped our opponent at 0.830 live together. All the pound buyers are having to face up to the disappointment that the said Oven ready deal is cheerfully the most damaging attack on the UK economy.
In this position, a simple loading on a pullback towards 0.915x will win the swing. Buyers have their eyes on 0.989x as worthy of interest, it would not be completely farfetched to see a test of parity if (when) there is no-deal.
Thanks as usual for keeping the feedback coming 👍 or 👎
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