Cheeky buggers trying to catch us on the hop.
EUR/GBP is up to 0.8562 in light trading.
We’ve been holding the top of the broken channel and the upside is still favoured.
The downside is pretty well stacked up to hold any moves lower with the 200 wma & 100 dma at 0.8518, the 55 dma at 0.8506 and further support and tech at 0.8495/500.
I favour selling against 0.8600, if we get there today as I think that will be a stretch too far.
I’m also a believer that if holiday trading moves against the grain of the last full trading day then the direction will return the next full day. It’s never a definite but just something I have observed many times.
