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Trader, analyst and instructor with a 6-year experience

Credit Agricole: trade idea for EUR/GBP

Credit Agricole holds a short position on EUR/GBP from 0.7470, targeting 0.7150 and with a stop loss at 0.7620. 

Economists see buying the British pound on dips as a good trading opportunity. According to the PMI figures released on Feb. 4, UK economic activity surged in January. As a result, capital expenditure and wages will likely increase. 

Chart. Weekly EUR/GBP

EUR
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