EURGBP - Sentiment + Technical Play

UK Retail Sales Negative this morning + EU CPI Data Positive This Morning.

Sentiment with regards to the above mentioned economic data is euro positive, gbp negative

In terms of technical analysis, taking a look at the 4hr chart above, price action is currently resisted by the 200 SMA. This pair in general hasn't made much progress in the last several months. Next week along with the FOMC we have a BOE meeting. Positions most likely will be traded lightly heading into both major risk events.

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Regards,
Michael Harding 😎 Chief Technical Strategist @ LEFTURN Inc.

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