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.