TECHNICAL ANALYSIS

EUR / GBP approaches its lowest since May


The lows of September and November are concentrated

The lows of September and November are concentrated

EUR / USD is down 35 pips to 0.8879 today and threatens the September / November low.

The pair has fallen in six straight days as real money post-Brexit flows underpin the pound sterling and covid numbers in England begin to improve.

It’s a great level, but we may need some consolidation before a real break, but watch for more flow in the London patch.

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