Technically, EUR/GBP is continue bullish the trend respald with good news for German factory indicator and Eurozone. So, we continue in bull trend until the profit of 200 pips. So, that is my objective to find up. Now, also as if you look up my target profit in Fibonaci is in the 0.786% of Fibonacci and that mean that price it's can be ro reach at the highly zone of this bullish channel that came from May 2020
I share all fundamentals of this par here:
1.Despite weekly gain, pound sterling to euro exchange rate outlook remains grim. 2. The demand of pound improved a little last week, but GBP/EUR exchange reate outlook remains gloomy, and today Eurozone data was mixed though, so the Euro appeal is also limited. That mean the pound is more weak than Euro and investor's are bought sterling pound more cheap while the price is go down to its lowers levels. 3. Pound exchange rate outlook Jittery as markets await coronavirus and brexit news. 4. The speculation has risen that there could be major brexit developers over the next month. 5. Pound investors are also anxious as Britain's economy reopens, while there are hopes for economic recovery, but a close eyes will be kept on Britain's coronavirus situation.
Keys to take in noticed it:
1. Euro exchange rate broyancy lacking as Germany Factory stats disapoing. 2. Euro outlook is fairly optimistic still overall. 3. The European Union handling of the coronavirus pandemic ahs been generally positively received by markets, and more fiscal stimulus is expected. 4. Today in Germany factory data fell short of forecast. Rather than rebounding to the forecast 15%, it only jumped to 10.4% also the Eurozone PMI jumped to 48.3 from 39.5. That two indicators make a Euro currency farily strong. 5. There are a recovery plan if Germany continue achieving their economy as major country in the Eurozone. So, German economy minister Peter Attmarir said in a newspaper interview that sees economic recovery from October in this year,
Well guys, more important is that keys to take in noticed that Euro is continue up in all pars, specilly EUR/USD.