EUR/GBP rose during the session on Monday as the gap from the open was quickly filled. The 0.83 level still looks resistive though, and as a result, this pair looks like it is going to rally a bit in order for us to sell more!
The EUR/USD did much the same thing for the session. The risk in Europe is still high, and as a result we still like the idea of owning the US dollar against the Euro overall. However, there is a real chance of a slightly larger bounce in the near term, and we think selling this pair will be viable in the next 24 hours, but the higher the better!
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