The Brexit saga continues. Prime Minister Theresa May said that if no deal is agreed and if a no-deal exit is rejected, then there could be a short extension to the date for Britain to leave the EU. On that news, the British Pound hit a high against the Euro not seen since May of 2017. And on that news, I decided to buy the EUR/GBP.
Monthly Chart (Curve Timeframe) – Monthly demand is at 0.83500 and monthly supply is at 0.94000
Weekly Chart (Trend Timeframe) – the trend is sideways and has been sideways for the past 18
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