Euro Exuberance

This week, the EUR/GBP broke above the 0.7500 resistance level for the first in 12 months. Given the context of the break lower back in January last year, the break higher this week holds real implications for price action in 2016. In the face of QE and rate cuts, the euro has rallied over 500 pips. This is a complete break from its fundamentals. Or is it?

EURGBP daily chart

Premium trade setups with targets and stops are published in the EUR/GBP Outlook for the Week in Volume 45, this week's Quid Report.

Posted to Quid Report on Jan 15, 2016 — 10:01 AM

Recent free content from Lydia Idem Finkley

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