The pound rose by 650 points in 5 trading sessions (from 1.2200 to 1.2850) – on expectations that the Britain-EU agreement will still be signed.
The growth went to the EURUSD, although much more modest – the euro rose by only 120 points – from 1.0950 to 1.1070.
However, on Thursday morning, clouds began to thicken over the Britain-EU agreement. There is information that Johnson's supporters from Northern Ireland do not support the new British-Ireland border plan. If parliament does not approve an agreement with the EU, everything will fall apart again.
A significant correction should be expected for the euro – or a complete stop of growth.
We keep purchases from 1.0945 and 1.1005.
In the case of a full reversal, down sales from 1.0940.