EUR/GBP is correcting some of its earlier gains, easing back toward the 0.9000 level after an earlier rally as high as 0.9033.
We’ve been flirting with a downtrend on the daily charts on the cross in recent sessions and cleared above it nicely earlier today. If technicals are blind to the calendar, buying a retest of the trendline is what the textbook tells us to do. I prefer to sit and watch college bowl games rather than take a punt in thin markets.
EUR/USD is easing on the back of the EUR/GBP sales, now at the 1.4420 level.
