Euro hits the skids again as the EUR/GBP dam breaks

Author: Adam Button | Category: News

Dam might not be how euro bulls spelled that word.

Ryan was right to warn about 0.8580 in EUR/GBP. It broke and fell 40 pips in a flash, dragging the euro down with it. Some bids at 0.8500 with more at 0.8485.

EUR/GBP – 0.8580 breaks, hits stops

The focus now shifts back to EUR/USD with strong bids around 1.3232 under pressure.

This is how Ryan reacted when I gave him the thumbs up for the EUR/GBP call. He’s also smug on his EUR/CHF longs (just kidding Ryan! love ya!)