Day two: potential EUR/GBP trade

EUR/GBP fell to a low of 0.7958, just shy of my potential entry point of 0.7950, but the pair now seems to be stabilising.

Source: Bloomberg

Following on from my potential trading strategy yesterday, with the spot price now at 0.7960, I am cognisant of price moving back up and thus I feel trading at market could be warranted.

On the data front we have eurozone services PMI data at 18:00 AEST, while we also get the same data point in the UK 30 minutes later.

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