EUR/GBP had a strong bullish day on Thursday as the world celebrated two successful bond auctions in Spain and Italy. However, the trend is obviously stronger than two bond sales. We see several selling scenarios ahead.
EUR/USD had the same kind of day. As the Pound is significantly weaker on the whole than the Dollar, it is hard to think this pair won't outperform the one above. The pair looks ready to bounce, but there is a real fight coming at the 1.30 to 1.31 area.
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