- EUR/GBP break below the triangle support line would appear to be holding. Now 0.8666. Pointless hanging onto both short EUR and GBP when charts are saying EUR will outperform GBP on the downside.
- Have squared entire short GBP/USD position this morning and replaced by equivalent amount of short EUR/USD risk.
- Still not prepared to go outright short EUR/GBP as it will leave me with very large, less than prudent EUR risk.
- Core book is now short EUR vs long CAD+Gold+USD. Enough of EUR already.
- The other alternative to buy GBP and reduce some long Gold or CAD is not good because both XAU/GBP and CAD/GBP are in strong uptrend.
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