EUR/GBP risk reversals hit one-month low

Omkar Godbole FXStreet Contributor

EUR/GBP one-month risk reversals hit the one-month low of 0.225 after the UK and EU reached a deal on Brexit divorce terms on Friday.

Risk reversals

The retreat from the recent high of 0.425 to 0.225 indicates falling demand for the EUR calls.
So, the recovery in the EUR/GBP pair from the low of 0.8689 could be short-lived. As of writing, the pair is trading at 0.8790 and below the 200-day MA level of 0.8801.

Author

Omkar Godbole

FXStreet Contributor

Omkar Godbole, editor and analyst, joined FXStreet after four years as a research analyst at several Indian brokerage companies.

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