EUR - BULLISH
1️⃣ Headlines related to a US coronavirus aid package and Brexit have shaken the FX board, although, at the time being, the market’s mood is upbeat, amid hopes both conflicts will reach safe ports. As long as risk-on prevails, the greenback will remain under selling pressure.
2️⃣ ECB President Christine Lagarde signaled a change to the central bank’s strategy to align it with that of the US Federal Reserve, which would probably allow inflation rate to overshoot after missing the central bank's target for years.
GBP - BEARISH
1️⃣ EU official states that there is no sign of a landing zone with the UK of the issue of fisheries and level playing field.
2️⃣ Spike in coronavirus cases brought the threat of fresh lockdown measures.
=====
TECHNICAL
=====
- We're looking to long EURGBP on RBS level + SMA100 area on H1 chart.
- EURGBP in bullish mode.
1️⃣ Headlines related to a US coronavirus aid package and Brexit have shaken the FX board, although, at the time being, the market’s mood is upbeat, amid hopes both conflicts will reach safe ports. As long as risk-on prevails, the greenback will remain under selling pressure.
2️⃣ ECB President Christine Lagarde signaled a change to the central bank’s strategy to align it with that of the US Federal Reserve, which would probably allow inflation rate to overshoot after missing the central bank's target for years.
GBP - BEARISH
1️⃣ EU official states that there is no sign of a landing zone with the UK of the issue of fisheries and level playing field.
2️⃣ Spike in coronavirus cases brought the threat of fresh lockdown measures.
=====
TECHNICAL
=====
- We're looking to long EURGBP on RBS level + SMA100 area on H1 chart.
- EURGBP in bullish mode.
Trade closed: stop reached