EURGBP:market shifts sentiment toward EUR, SMA100 cut SMA200
With EURGBP, I lean toward EUR than GBP.
SMA100 cut SMA200 for the fitst time since 2013 indicates potential trend change.
EURGBP moved above SMA100 + SMA200 + SMA50 and prepare to escape Kumo cloud; I think this is a good chance to break Kumo cloud because EURGBP could face a thick Kumo next trading days.
But I keep a cautious attitude of this pair. Market could choose Sterling instead of Euro because when FED is over, they will come back BOE to pricing.
There is a Evening star pattern on the chart ( Blue circle) --> Likely a retracement.
In short, I will watch price action of EURGBP carefully, if it hold above 0.7200 and SMA200+SMA100 +SMA50 also Kumo cloud. I will engage BUY.
SMA100 cut SMA200 for the fitst time since 2013 indicates potential trend change.
EURGBP moved above SMA100 + SMA200 + SMA50 and prepare to escape Kumo cloud; I think this is a good chance to break Kumo cloud because EURGBP could face a thick Kumo next trading days.
But I keep a cautious attitude of this pair. Market could choose Sterling instead of Euro because when FED is over, they will come back BOE to pricing.
There is a Evening star pattern on the chart ( Blue circle) --> Likely a retracement.
In short, I will watch price action of EURGBP carefully, if it hold above 0.7200 and SMA200+SMA100 +SMA50 also Kumo cloud. I will engage BUY.