Closing the Vix trade and looking at EUR/GBP

The March volatility index found good buyers under the 15 level, but has since rebounded to 15.5. 

There is no discernable trend right now, so I am going to close out at market for no gain or loss.

This also comes before the Friday rollover to the next contract.

I am looking at long EUR/GBP positions (see chart) on a close above 0.8350. This is  purely a technical idea as momentum favours the upside, while there is a clear confluence of resistance at 0.8350, so taking out this supply could see the pair target the December high of 0.8467. 


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