Nordea advises to buy EUR / GBP

EUR / GBP continues to consolidate after a spurt to fresh highs near stg0.8785, and, while the bulls are in no hurry to go on the offensive, dealers noted strong demand to remain robust in a recession. Large bids are now visible around stg0.8735/30 with small feet behind him, further orders are placed in the bull stg0.8705/00i stg0.8685, and the last loss of support will be more significant event in the context of changes in short-term prospects for the pair. However, such an event will mean the loss of potential for development of an upward trend, which, according to Nordea, has a euro / pound. The bank recommends buying a pair at current levels with a stop at stg0.8590 and the expectation of growth for stg0.9070.