Unfortunately we were railroaded on our short EURGBP position from 0.9025 this morning. However, technical studies in Sterling on the crosses should not be ignored and we have now established a fresh long position on this cross with the market at multi-year lows and severley oversold. We are already long Eur/Aud and Eur/Cad with buy and hold positions, and we will take the same approach here with leverage of 5x. POSITION: LONG @1.6650 FOR OPEN OBJECTIVE.
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