EUR/GBP: Excellent risk-reward for the bottom pickers

This pair has been in a strong downward trend for quite a few months and whilst I’m not looking for a major reversal, I do think that we can see a decent relief rally back towards .7500.

The Greek crisis seems to have calmed down appreciably and Chinese concerns over the big rise in CNY against the EUR over the last 18 months could lead to some aggressive market actions?

All speculation of course, but that’s what we do. I’m small long EUR/GBP in spot market and will see how the market develops.

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