This market update is a follow-through analysis as a result of our February 5th - 9th outlook where the focus was with the AUDUSD, EURGBP and the AUDJPY cross rates respectively. The movement today confirms our market call.
EURGBP CROSS RATE
The EURGBP cross rate has indeed top-out at the 0.8350 high and we would like to reiterate that the price action and analysis based on our previous market view dated the 5th of February clearly stated that the limited gains would be made while the price levels corrective move to its high is still part of a bearish trend for the EURGBP.
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