The EUR still looks heavily overbought against the GBP and with the current developments over Brexit, its hard to see how the BULLS can resume control of this pair.
We at Carleton Capital are recommending SHORTING this pair from these levels.
Our STOP is exceptionally wide and is there for safety's sake should we get an unforeseen spike high. We don't expect to get anywhere near this as we would exit should the EUR rally strongly.
We have an MA crossover on the DTF and the 200 sma comes in at .8865.
Its possible this may support EUR LONG positions temporarily but a break of .8865 will be highly significant and any short trades should be added to.
We at Carleton Capital are recommending SHORTING this pair from these levels.
Our STOP is exceptionally wide and is there for safety's sake should we get an unforeseen spike high. We don't expect to get anywhere near this as we would exit should the EUR rally strongly.
We have an MA crossover on the DTF and the 200 sma comes in at .8865.
Its possible this may support EUR LONG positions temporarily but a break of .8865 will be highly significant and any short trades should be added to.