EUR - BEARISH
1️⃣ Investors remained cautious ahead of the ECB monetary policy meeting due Thursday, with no changes to rates or guidance expected.
GBP - BULLISH
1️⃣ Consumer prices are seen rising in the coming months, due to an increase in regulated household energy bills, higher global oil prices and comparisons with prices a year ago when the country was under a strict COVID lockdown.
2️⃣ Britain's unemployment rate fell for a second month in a row to 4.9%.
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Technical
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- We are selling the EURGBP at the resistance on the M15 chart. This is short term trading strategy from Monsun Asia.
- Risk reward ratio is 2:1.
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Risk to this trade
=====
Any change in sentiment could turn the pair's direction.
1️⃣ Investors remained cautious ahead of the ECB monetary policy meeting due Thursday, with no changes to rates or guidance expected.
GBP - BULLISH
1️⃣ Consumer prices are seen rising in the coming months, due to an increase in regulated household energy bills, higher global oil prices and comparisons with prices a year ago when the country was under a strict COVID lockdown.
2️⃣ Britain's unemployment rate fell for a second month in a row to 4.9%.
=====
Technical
=====
- We are selling the EURGBP at the resistance on the M15 chart. This is short term trading strategy from Monsun Asia.
- Risk reward ratio is 2:1.
=====
Risk to this trade
=====
Any change in sentiment could turn the pair's direction.
Trade active
Trade closed: stop reached