EUR/GBP – Consolidating around 0.80, stops may attract

EUR/GBP opened at 0.7990, up from a Friday close of 0.7938
Traded in a 0.7975-0.8017 range so far
Decent resistance at 0.8035 (August high), but large stops resting above that level, which may attract
Fundamentals suggest selling rallies still the preferred strategy, but uncertainty about the Scottish referendum means that we’ll likely see whipsaw price action
To the downside, key intraday support at 0.7957 and 0.7938