DavidFXMarkets
Short

EUR/GBP d1 possible sell medium / long-term

FX:EURGBP   Euro / British Pound
I think it is one of the best trades in upcoming weeks, months.
GBP has a very good potential to strengthen, governor Carney suggest in recent comments, repeats a hike may be appropriate in upcoming months, so the Central Bank is on the hawkish side. What is more, nowadays GBP is not appreciated as it should be, despite Brexit case. So there is some room for GBP to strengthen in upcoming weeks/months.
EUR now is overvalued, but longterm is on the hawkish side. In the medium-term EUR should go down, especially most of investors and hedgefunds are heavily on the bullish side. Draghi confirms that the economy is growing, but points out that core inflation is having trouble with growth which is currently uncertain.
We cannot predict what price will do in the future, but probability of the move to the downside is bigger than probability of the move to the upside - that is very important, where is probability, at which side. Longterm target is around 0,8500 and we will go there sooner or later. The probability of successful speculation is on the short side.
Remember to invest consicously, pay attention and be aware all the time, have a good Risk:Ratio reward, control your feelings and emotions... and good luck! :)
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