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Aug 06 - 01:24 PM
EUR/USD, EUR/GBP: Tactical S/T View & Strategies - Nordea
First appeared on eFXplus on Aug 06 - 11:35 AM

Nordea Research discusses its tactical (short-term) trading views and strategies on EUR/USD and EUR/GBP.

"EUR/USD: range-bound with a downward bias. Wedge broke lower as a result of Italian politics. If 1.1510 doesn’t hold, 1.1448 is next. Below that the next support level is 1.1187. 

EUR/GBP: Above 0.90 it could look interesting to be long GBP again from a risk/reward perspective. Bank of England seems to have a low tolerance for a weaker GBP," Nordea argues. 

Source:
Nordea Research/Market Commentary

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