OANDA:EURGBP   Euro / British Pound
REASONS:

EUR: INFLATION STUBBORNLY LOW

GBP: BREXIT AGREEMENT TO BACKSTOP SOON FINALISED

GBP: PARLIAMENT LIKELY TO VOTE ON AGREEMENT POSITIVELY

EUROZONE PRESSURED BY LACK OF GROWTH AND ITALIAN BUDGET ISSUES STILL NOT FINALISED

EUR MERKEL SOON LEAVING POWERE LEAVING UNCERTAINTY



TECHNICALS

RESISTANCE AT 0.9060 NOT BREAKING THROUGH

NEXT SUPPORT AT 0.8942


RISKS TO THE TRADE:

BREXIT AGREEMENT IS VOTED DOWN BY UK PARLIAMENT

EU REFUSE TO CLARIFY 'BACKSTOP'
Comment: TARGET HIT 31 DEC 14.00 - TRADE WON
Trade closed: target reached

Comments

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