Fundamental and Analysis: Sterling Pound is steady today!!! News
In H1 timeframe, Euro/ Sterling Pound is into this bearish rising wedge, that is amazing chartist pattern to pick down a good profit in this par!!!
Also, in this organge arrow, I have a cautions with a possible and soon bearish movement soon, because we need to find a sell of Euro about the specualte news + technical analysis.
Watching the H4 timeframe, for long term is bullish into this demand zone that Euro want to reach it.
In Daily we hope it a possible retest in the demand zone again in the yellow zone.
Euro's Fundamental Analysis:
1. The Spanish Trade Deficit surprise unable to shore up Pound Euro Exchange Rate.
2. A surprise fall into deficit for the Spanish Trade Balance was not enough to keep the Ppund Sterling to Euro exchange rate from falling.
3. The Spanish Trade deficit was a negative -31 billion of Euros to the deficit instead.
4. The conditions on the Spanish economy materially was weakenes at the start of this third quarter, casting fresh doubt over the odds of an inminent economy recovery.
5. Euro is sensitive to European Central Bank as ECB president Christine Lagarde may put some pressure on the Euro.
6. Lagarde talked down the impact of the Euro on the monetary policy at the ECB's september meeting inestors are wary of the potential for any shift in tone.
7. As long as the European Central Bank appear on track to introduce fresh monetary stimulus measures before the end of the year this could limit the upside.
8. Euro to Pound Exchange Rate Stead as European Central Bank urges to very carefully assess Eurozone Economic Data
9. The Euro is range bound again the Pound today after Christine Lagarde urged the bank to 'very carefully'' assess the Eurozone's economic data as the bloc struggles to recover.
10. Euro's investor are remaining cautions as the Eurozone's economic future remains uncertain.
11. The strenght of the recovery remains cautions as the Eurzone's economic future remain uncertain.
Sterling Pound's Fundamentals:
1. Pound Euro Exchange Rate under pressure as fresh covid-19 restrictions loom
2. The resurgence of the covid-19 in United Kingdom supporting yet the Pound generally weakenes at the start of the week.
3. While the UK government reportedly it's had considering a second national lockdown hopes of the economy bouncing back in the second hald of 2020. As the economy looks set to come under further pressure in the final months of the year, specially given lingering Brexit uncertainty, there would be a possibility of a fresh recession weighed on GBP Exchange Rates.
4. U.K. may increase the downside as pressure on the Brexit and European Markets could inability to puncture the strenght of the single currency.
5. Pound Steady as UK markets remain cautions as Nation "Turns a Corner on Coronavirus pandemic.
6. The Pound struggled today as concerns over tighter UK lockdown restrictions continue to grow.
7. The proffesor Chris Wiity, Downing Street's top Scientific adviser in London commented taht UK is warned to turn a corn for the worse as covid-19 case rise.
8. The Brisish economy is increasingly to prospect of a second covid-19 lockdown and such the increment today of the UK markets. had grow!!!
9. Tomorrow Governor Baily (Bank of England) speaks about the U.k. monetary policy
In gereral, we see that doay Sterling Pound is steady today about the specualation of the U.K. markets and the pressure to the Brexit advanced, in generally, the Euro today staring this week is has bad news for the Spanish trade deficit that was a surpresie than expected, and then the Spain's economy is weakness about this data was fall.
So, I put a short position in the market price right now with a SL at 35 pips and a earning's forecast of 100 pips
Good luck!!!
Also, in this organge arrow, I have a cautions with a possible and soon bearish movement soon, because we need to find a sell of Euro about the specualte news + technical analysis.
Watching the H4 timeframe, for long term is bullish into this demand zone that Euro want to reach it.
In Daily we hope it a possible retest in the demand zone again in the yellow zone.
Euro's Fundamental Analysis:
1. The Spanish Trade Deficit surprise unable to shore up Pound Euro Exchange Rate.
2. A surprise fall into deficit for the Spanish Trade Balance was not enough to keep the Ppund Sterling to Euro exchange rate from falling.
3. The Spanish Trade deficit was a negative -31 billion of Euros to the deficit instead.
4. The conditions on the Spanish economy materially was weakenes at the start of this third quarter, casting fresh doubt over the odds of an inminent economy recovery.
5. Euro is sensitive to European Central Bank as ECB president Christine Lagarde may put some pressure on the Euro.
6. Lagarde talked down the impact of the Euro on the monetary policy at the ECB's september meeting inestors are wary of the potential for any shift in tone.
7. As long as the European Central Bank appear on track to introduce fresh monetary stimulus measures before the end of the year this could limit the upside.
8. Euro to Pound Exchange Rate Stead as European Central Bank urges to very carefully assess Eurozone Economic Data
9. The Euro is range bound again the Pound today after Christine Lagarde urged the bank to 'very carefully'' assess the Eurozone's economic data as the bloc struggles to recover.
10. Euro's investor are remaining cautions as the Eurozone's economic future remains uncertain.
11. The strenght of the recovery remains cautions as the Eurzone's economic future remain uncertain.
Sterling Pound's Fundamentals:
1. Pound Euro Exchange Rate under pressure as fresh covid-19 restrictions loom
2. The resurgence of the covid-19 in United Kingdom supporting yet the Pound generally weakenes at the start of the week.
3. While the UK government reportedly it's had considering a second national lockdown hopes of the economy bouncing back in the second hald of 2020. As the economy looks set to come under further pressure in the final months of the year, specially given lingering Brexit uncertainty, there would be a possibility of a fresh recession weighed on GBP Exchange Rates.
4. U.K. may increase the downside as pressure on the Brexit and European Markets could inability to puncture the strenght of the single currency.
5. Pound Steady as UK markets remain cautions as Nation "Turns a Corner on Coronavirus pandemic.
6. The Pound struggled today as concerns over tighter UK lockdown restrictions continue to grow.
7. The proffesor Chris Wiity, Downing Street's top Scientific adviser in London commented taht UK is warned to turn a corn for the worse as covid-19 case rise.
8. The Brisish economy is increasingly to prospect of a second covid-19 lockdown and such the increment today of the UK markets. had grow!!!
9. Tomorrow Governor Baily (Bank of England) speaks about the U.k. monetary policy
In gereral, we see that doay Sterling Pound is steady today about the specualation of the U.K. markets and the pressure to the Brexit advanced, in generally, the Euro today staring this week is has bad news for the Spanish trade deficit that was a surpresie than expected, and then the Spain's economy is weakness about this data was fall.
So, I put a short position in the market price right now with a SL at 35 pips and a earning's forecast of 100 pips
Good luck!!!
Trade closed: stop reached:
The price touch my SL. I reccomend to make secure to reentry in ahort again because that was a wick manipulation and took my SL.