EUR/GBP show a drop of the price as GBP is more strenghten

FOREXCOM:EURGBP   Euro / British Pound
In this technical analysis as in EUR/USD , we see the same situation that EUR/GBP is going to put short position.

We are here in weekly in the supply and demand strategy. Also to recall you, this par could show a possible weakness of Euro , because Euro show in weekly timeframe a possible grant drop in the future.

Watching in Daily timeframe , is so perfect the strategy of supply and demand . So, we are in the supply demand that investor are sell Euro and RSI its accomplish with us in this analysis.

So, if you looking in H4 timeframe we see a bearish divergence because in the past days we are into the bearish flag and then, it's show a possible drop of the price. Also, between the Daily and H4 timeframe we was updated my graphics and the new situation so we needed to see it.

Looking in Daily timeframe , for discuss we were in tthis bearish rising wedge that in the past was a bullish channel and then, follow this structure we are confirmed the pull back to included to make a drop as you see in weekly

Learn this for you: You need always to starting in monthly to analyze and then go down to weekly to analyze, and then go down to Daily, at this point it's produce a lot updateds in Daily because in Daily we see a new chartist pattern equal in H4 tiemframe when you go down.

And finally to insight in the market in H1 timeframe, we found out with a bearish flag that was formed in the past, we see a grant drop of 200 pips and a great opportunity to longer in short in this par, so we are to break down and we need a confirmation to entry in short that we need to stay alert when the price go up at 0.9070.

Fundamentals Keys:

1.Pound to Euro Exchange Rate Flat Following European Union Leaders Summit
2. GBP/EUR exchange rate muted as European Union talks could soon fall apart
3. Sterling muted as attention was to fifth round of Brexit talks.
4. The pound remained flat on Monday mroning as markets receiving some support from the European Union leaders meeting.
5. The market attention will soon turn to the latest round of trade negotiations between the United Kingdom and European Union
6. The fifth round of talks is due to begin in London and the prime minister has been pushing for a deal to be agreed sooner. Although, traders are likely to focus on hte lack of progress which may weigh on Sterling.
7. Sterling Pound received support after reports revealed Britain had signed deals to secure 90 million doses of two potential coronavirus vaccines in United Kingdom that today it's working to created it.
8. The business ministry said it had secured 30 million doses from vaccinations from Pfizer , INC and BioNTech alliance. It also confirmed it made a deal with French group valvera for 60 million doses.
9. Pound Euro outlook as European Union leaders meeting remains in Focus. That mean that pound could strenghthen agains the Euro if investor sentiment improves on reports of another US Coronavirus aid bill

So guys, that is my my technical analysis , if we see, EUR this week it's seem so weak!!!. So we hope a confirmation of 0.382% of Fibonacci to entry then, so just stay await and do not entry until see the confirmation in the EUR/GBP .

And also, I invied your the Euros Fundamentals in my previously technical analysis in EUR/USD


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