EUR 0.00% 0.8987 euro

EURGBP target of 0.8771 has been hit and it seems like a long...

  1. 447 Posts.
    EURGBP target of 0.8771 has been hit and it seems like a long bias is still in play although I see some breakdown in the EURAUD and EURGBP cointegration factors.

    Anyhow, still long EUR, GBP and AUD against the USD and a stronger bias to the EUR at the moment (purely technical).

    Again, just my opinion but I suspect a bigger indicator being the Gold and Silver Index relative to the US Treasuries (i.e. Japanese and commodities strength).
 
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