workingtraders

$EURGBP looking for EUR weakness to return to market this week.

FX:EURGBP   Euro / British Pound
theworkingtrader.com

Heavy Resistance between 7286 - .7301.

Nothing has changed in the eurozone. QE will continue.

GBP sold off last week on comments from Governor Mark Carney - "Bank of England may raise rate rises later than expected".
Minus the comment from Carney we saw last week the trade deficit decreased to £8.4 billion.
With the spill over from Europe caused by QE - we could start seeing an uptick in Business investment and product/services data.

Poor Earnings data added to the correction of this pair. I believe the earnings data should improve over the year.

A side note - We have elections in the UK putting a shadow on GBP - if the conservatives win there is a possibility of Great Britain leaving the European Union.
active in this trades filled 1 of 2 lots at 71600. Looking for 70600 for remaining lot.
+2 Reply
English
English (UK)
English (IN)
Deutsch
Français
Español
Italiano
Polski
Türkçe
Русский
Português
Bahasa Indonesia
Bahasa Melayu
ภาษาไทย
Tiếng Việt
日本語
한국어
简体中文
繁體中文
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out