EURO/GBP Report tradeview 19/9/2017

FX:EURGBP   Euro / British Pound
37 0

Shorterm Trading : Downtrend

Midterm Trading : Downtrend

longterm Trading :Uptrend


Overview Trend :

Downtrend : Euro weak , GBP Strong

Uptrend :Euro Strong,GBP Weaken

Neutral Sideway : Insider Consolidation Zone


How to BUY and SELL

1) Buy the STRONG
2) Sell the WEAKEN
3)Always buy or sell follow the trend
4)Always enter the market on Retracement Level


Avoid Trading Position

1)Counter Trend
2)Emotional Mindset
3)Non Confirmation Price Action and setup

Feature Resistance Level mid term trading :

R1 : 0.88719
R2 : 0.89564
R3 : 0.90537

Feature Support level midterm trading :

S1 : 0.89561
S2 : 0.89359
S3 : 0.88719
S4 : 0.89564


Intraday Key Level (LAST POINT TRENDING) L.P.T
*This two level break and closed above 99% Confirm the Trend changed from Downtrend to Uptrending.

1) 0.89359 ( LPT )

2) 0.90051 ( LPT )


Political Issued EURO/GBP

*It looks like two of the world's most important currencies might be reacting to politics rather than economics.

*"This time it's political. In a sentence, it's all about Trump winning in the US and Macron changing investor perceptions on Europe."
To illustrate their point, they included a chart comparing the trade-weighted dollar (blue) to the trade-weighted euro (orange).

*Big strength in the GBP after rate news and weakness in the Kiwi – Currency Strength and Weakness for Friday 15th September 2017

*GBP saw mixed trade last week, but due to some better-than-expected domestic data and a weaker Euro the Pound sustained gains against some major rivals.

*The most notable UK datasets over the past seven days were July’s mortgage approvals, Bank of England (BoE) consumer credit, GfK’s August consumer confidence and Markit’s August manufacturing PMI, all of which beat expectations.

These prints indicated that some sectors of Britain’s economy were holding resilient, but overall they didn’t improve the Pound outlook considerably.

*The Pound to Euro exchange rate jumped on Friday. Despite relatively sturdy Eurozone ecostats publishing in recent sessions, investors have become anxious about the upcoming European Central Bank (ECB) meeting and have sold the shared currency.

The ECB will hold its September policy meeting this Thursday and analysts had previously speculated that the bank would announce its plans to taper quantitative easing ( QE ) as soon as this week. However, the recent strength of the Euro may be an obstacle. Uncertainty about when the ECB will announce its next plans has helped GBP/EUR to advance.

Regardless, GBP/EUR slipped when markets opened this morning amid a lack of fresh reasons to buy the Pound.

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