Market conditions have definitely been effecting the EURO/STERLING non cross pairs, there has not been much movement and that has been bullish against the long term trend, but here we are on Tuesday morning 7:58, both EURUSD and EURGBP rallied just now and I would imagine that is a signal we are about to see a bearish move on both pairs. I cannot, for the life of me, understand what is propping the EURO up.
Well the news should affect things as well. I suggest trading low risk at the moment on both pairs, I know your trades will take longer to get there *BUT* it will be safer as the markets return to price.
I imagine this could be a bit of a bull-trap.