27/02/2014: I have just SOLD EUR/GBP @ £0.82013

My final play of this 3 pronged trade is to sell Euro/Sterling.

Sterling has begun to outperform the Euro relative to the Dollar once more. Every time there is a bad bit of news recently the Euro is hit more than Sterling, which is dragging the rate lower.

Technically, having broken below the support at £0.8207, EUR/GBP is also falling away again and should come back to test the key low at £0.8156. Momentum indicators are falling over again along with moving averages.

I have placed my stop at £0.8241 (41 pips) which is above the resistance band around £0.8240.

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