- EUR / GBP’s pandemic divergence and post-Brexit slide is nearing key props
- The ABC target from last March & April’s dive off Sep’s high is @ 0.8461
- The 161.8% Fibo off Dec’s high and low is at 0.8452 Weekly RSIS are their most oversold since Dec 2019
- And daily RSIS are also oversold, with bullish divergence risk
- The downtrend in 10-year Bund-Gilt yield spreads has stalled of late
- UK well ahead of EU in pandemic mitigation, but EU vaccine supply on rise
- If 0.8452 / 61 props give way, 2019 and 2020 lows at 0.8278 / 82 will be next
