In current market situation, there are very few places where you can sit in the trade comfortably. Since all majors and crosses are tangled into their own problems, EUR/GBP gives a good opportunity with better clarity.
I have been trading EUR/GBP from short side for a while based on these simple thesis, with 100% success rate.
– Euro is a doomed currency in my opinion. Can’t guarantee the time, but as the things stand, it’s future is – well, there is no future for euro! Eventually the union will crumble.
– I am not sure about what Her Majesty’s Quid will do next exactly but as long as it survives more than Euro, we are good.
So, that formulates a simple trade. Sell EUR/GBP, on any meaningful bounce based on good technical resistance and as per the risk tolerance your account permits.