Fundamentals
EUR: Today Germany posted weak Trade Balance data, so the sentiment is bearish.
GBP: Although the rate hike cycle is looming, BoE is probably the only bank that still aims to hike rates. The market is pricing over a 90% chance of raising rates at the next meeting.
Technical & other
Setup: TC(B)
Setup timeframe: 4h
Trigger: 1h
Medium-term: Sideways
Long-term: Sideways
Min target: 0.852
Risk: 0.09%
Other: COT - bearish divergence
EUR: Today Germany posted weak Trade Balance data, so the sentiment is bearish.
GBP: Although the rate hike cycle is looming, BoE is probably the only bank that still aims to hike rates. The market is pricing over a 90% chance of raising rates at the next meeting.
Technical & other
Setup: TC(B)
Setup timeframe: 4h
Trigger: 1h
Medium-term: Sideways
Long-term: Sideways
Min target: 0.852
Risk: 0.09%
Other: COT - bearish divergence
Trade closed: stop reached