Like clockwork, EUR/GBP usually finds support toward the end of the month as the UK makes a payment to the EU. That was the buzz this morning, and it looks as though some specs may have jumped on the band-wagon late, trying to hitch a rise on the flow. The cross is now getting creamed in very thin markets.
Stops have been triggered below the 0.9000 level and again below 0.8970. An outside reversal looks likely today after a higher high was followed by a lower low.
