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EUR/GBP managed to eke out minor gains at the end of the session on Wednesday. The pair was extremely volatile, and as such it looks like we have a real dogfight on our hands at the 0.80 handle. With this being said, that is exactly why we are choosing to stay out of this market right now.
If we manage to get above the 0.81 handle, it is time to start buying this pair. However, we managed to break down below the 0.79 handle, we would start selling this one aggressively. In the meantime, we are simply going to step to the sidelines and see which side wins out.