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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.

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