EURGBP held resistance at 0.8033 to trade back below the 0.80 level and reach out 2nd target. Where to from here? Nothing new can be gleaned form the COTS positioning this week – as they both point to a continuation of their weekly downtrend for EURGBP. However price has stalled at the Monthly S1…

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EURGBP quietly awaits Draghi’s next directional cue
