EUR/GBP - Rises above 0.89, risk reversals at 6-week high
|- EUR/GBP clocks 4-day high.
- Risk reversals gain altitude, signal strong bullish bias.
EUR/GBP clocked a four-day high of 0.8915 in Asia, adding credence to the bullish doji reversal (higher low at 0.8842) confirmed earlier this week. The risk reversals gauge indicates the bullish move could be extended further next week.
Risk reversals
- The one-month 25 delta risk reversals gauge rose to 0.425; its highest level since Oct. 12. It indicates increased demand for EUR calls.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.