Both the EURO and GBP found small support today and our job now is to understand if prices can go higher from here.
The EURO is pushing hard up against some bank levels and this is probably bad long term news for the currency and whilst I am currently long this may be a very short lived position.
GBP could have further to run, as if you take a look at it against the USD and AUD it is sitting very high having had very little pull back. Generally this is a precursor to higher prices. |