Short on Eur/gbp...opinions!

I am currently short on the pair & am expecting things to go my way on Thursday when the BOE & ECB announce their rate decisions. What are you're opinions?

I'm thinking just the opposite but that's what makes a market~ I'll avoid this pair!

Next few days, who knows.

Longer term, there are many more large purchases of EUR taking place than of the GBP. EUR may stall, but I think it will be a while before the major investors that are purchasing these Euro's are ready to sell that investment.

in an up channel right now, so try selling when at top of channel

best is to consult an elliottician.

The best thing about trading the EurGbp is that the EurUsd and GbpUsd will give you good clues about where to place your trades. Look for resistances and trends on the other two. I see the EUR going long and the GBP holding steady with several large resistance points both long and short. Over all though, I don't see why you'd be short as a retail trader.

Not that I'm an expert or anything

EUR/USD will raise, GBP/USD will fall.

hi there,
on my part i believed that the gbp will regain its strength coz the interest cut movement had just already been factored in by the market.GBP will goes to atleasr 99 level again after the interest rate decision. thats on my side...thanks.....im in a forex broker house right now.....

I've been following this pair for a while, it has a pretty strong uptrend, and constantly tests its resistance levels.

It retraces every once in a while, but doesn't stay on the low for very long. Although today it has barely breached the 0,8000 mark, which seemed to be a great resistance before, and it didn't rally higher (yet), like it did when the previous "major" resistances were broken (0,7050 [in november] - 0,7250[in december] - 0,7600 [in february] ).

What this pair will do tomorrow after the news is a total mystery, but my guess is that it will maybe retrace a little before the release, and then resume its uptrend. Unless we get a huge surprise from the ECB and BoE.

while gbp/usd seems to be heading down but the descending wedge it's in stopped me from selling...maybe go up then resume down again.

maybe selling eur/gbp in small amounts first and average in if it goes up, after all.........there's bound to be profit taking for the bulls, right ?