EUR/GBP at a 1-year high – bulls may eye .8000 next

Discussion in 'Technical Analysis' started by FXStreet_Team, Feb 9, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
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    Earlier today, we talked about the recent strength of the euro in the context of EUR/USD, but the moves in EUR/GBP since the start of December have been even more impressive. Since bottoming near the .7000 handle in late November, the normally quiet pair has tacked on over 800 pips to hit a 1-year high above .7800. From a fundamental perspective, the huge rally in EUR/GBP shows an often overlooked truism: it’s not the absolute monetary policy decisions and outlooks that drive currencies, but

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