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

FX:EURGBP   Euro Fx/British Pound

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.
2 years ago
active in this trades filled 1 of 2 lots at 71600. Looking for 70600 for remaining lot.
+2 Reply
Ideas Scripts Chart
United States
United Kingdom
Home Stock Screener Forex Screener Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Account and Billing Sign Out