From the Technical Views:
1. From the daily perspective, price is sitting inside the strong support area at the moment, if this support level is holding well, further upside is expected.
2. However, if the price manages to break this support level and become the potential resistance level, further downside is expected. WHY? continue to read it.
From the Institutional Views:
1. Overall bullish bias on EUR and bearish bias on GBP in the longer-term of view.
2. But keep in mind, in the short-term of view, EUR and GBP both are quite bullish.
3. In the new report, more long positions were added in both EUR and GBP. EUR increased around 9k and GBP increased around 3.2k. The net position on both EUR and GBP has become stronger and stronger at the moment. So, for this pair, we need to wait for the clear directions shows to us from the technical view.
How to approach EURGBP?
1. Waiting for one of the scenarios I mentioned above arise to us.
2. After that. switch to the lower timeframe looking for the long/short opportunity, if your rules of the strategy are fulfilled.
The result might not follow my analysis, this analysis is based on the TA & COT perspectives.
Comment down below let me know your view on EURGBP.
1. From the daily perspective, price is sitting inside the strong support area at the moment, if this support level is holding well, further upside is expected.
2. However, if the price manages to break this support level and become the potential resistance level, further downside is expected. WHY? continue to read it.
From the Institutional Views:
1. Overall bullish bias on EUR and bearish bias on GBP in the longer-term of view.
2. But keep in mind, in the short-term of view, EUR and GBP both are quite bullish.
3. In the new report, more long positions were added in both EUR and GBP. EUR increased around 9k and GBP increased around 3.2k. The net position on both EUR and GBP has become stronger and stronger at the moment. So, for this pair, we need to wait for the clear directions shows to us from the technical view.
How to approach EURGBP?
1. Waiting for one of the scenarios I mentioned above arise to us.
2. After that. switch to the lower timeframe looking for the long/short opportunity, if your rules of the strategy are fulfilled.
The result might not follow my analysis, this analysis is based on the TA & COT perspectives.
Comment down below let me know your view on EURGBP.