Smartphones are helping filmmakers tell the stories the movie industry overlooks 
Goldman Sachs Raises USD/JPY Forecast, Sees Yen Weakness Persist Through 2027 
Vietnam’s population hit the 100 million milestone. Where’s it headed? 
State of emergency in Crimea as Ukraine focuses pressure on ‘jewel in Putin’s crown’ 
In a rebuke to Trump, the Supreme Court rules that birthright citizenship is the law of the land 
Trump has made more than $1 billion from crypto in a year. How? 
Gold Surges Past $4150 on Dovish Fed Signals and Weak Jobs Data; Bullish Outlook Prevails 
Bank of America Upgrades T-Mobile to Buy, Says LEO Satellite Fears Are Overdone 
Goldman Sachs Flags 3 Key Risks Ahead of Europe’s Earnings Season 
Goldman AM Sees Strong Buyout Opportunities in Japan, South Korea and Australia 
JPMorgan Cuts Gold Price Forecast, Sees Bullion Reaching $4,500 by End of 2026 
Can the below events draw EURGBP's slumps to a halt..? Any which ways we suspect.
- ECB Monetary Policy Meeting that details the complete record of the ECB Governing Board's most recent meetings and shed lights on economic conditions.
- ECB President Draghi Speech
Both on weekly and daily charts no oscillating indicators suggesting recovery of recent losses as both RSI (14) and stochastic moves in downward convergence.
EUR/GBP has breached a crucial support at 0.7128 so as to indicate the near term downswings, we foresee dips until 0.7058
The resistance is figured out at around 0.7181 levels and any bullish signs can be spotted only above this level.
Option basket: Write a covered put (EURGBP)
As EURGBP pair is deemed as further declines, we advocate writing of naked put options while shorting the compelled exchange rate of the underlying currency on spot.
This strategy offers limited returns with no downside risks.
Profit for the covered put option strategy is limited and maximum gain is equal to the premium received for the writing put option.
Caution: As the writer is short on the underlying spot currency, the unlimited risk is associated when the exchange rate of this underlying currency spikes up significantly.
