BombayBulls

EURGBP Short from 7400

Short
FX:EURGBP   Euro / Livre Sterling
One of the most popular trade from last year is feeling the heat from strong ( or little stabilized ) Eur after FOMC. EURGBP started steep downfall of 400 pips from 0.7400 and now it is quickly approaching that zone again. Whether it is going to be a speed-bump for more recovery or it is going to halt the ascending Eur, we don't know. But it can offer few pips from short side nonetheless.

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