OBG

EURGBP looking weak with geopolitical pressures weighing

Short
FX:EURGBP   Euro / Sterlina
EURGBP sitting at 3 week TL, a push and close below $0.88650 could open door for deeper retracement to early November lows

EUR- political uncertainty in Germany as coalition talks with Merkel appear dicey - ST negative for EUR as traders weigh potential impact of government negotations

GBP - press rumours are circulating that UK is considering to raise the amount it is prepared to pay for the Brexit divorce - in ST, these developments might be positive for sterling


As always, patience is a virtue
keep it simple, stupid

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