Buy #1.28500
Tp#1.30000
Tp#1.30000
Trade active:
GBP
According to the positive news yesterday, the trend of this currency pair was downward.
The reason could be the profit settlement at the end of the third season, we expect to see a big jump in the pound because the Brexit headlines indicate a significant agreement.
Sending statements on the fisheries sector by the UK to the EU could make progress.
Failure to change UK interest rates to negative interest rates could also be another reason for the pound's strengthening.
Today, EU President Lagarde will deliver a speech that could create fluctuations in the euro.
From a technical point of view, the formation of the evening star pattern in a four-hour time frame and the confirmation of a bearish candle can lead the price from the top of the bearish channel to lower levels.
Keep in mind that the price still has room to climb to hit the canal ceiling.
Analyst: Masih Rezvani
According to the positive news yesterday, the trend of this currency pair was downward.
The reason could be the profit settlement at the end of the third season, we expect to see a big jump in the pound because the Brexit headlines indicate a significant agreement.
Sending statements on the fisheries sector by the UK to the EU could make progress.
Failure to change UK interest rates to negative interest rates could also be another reason for the pound's strengthening.
Today, EU President Lagarde will deliver a speech that could create fluctuations in the euro.
From a technical point of view, the formation of the evening star pattern in a four-hour time frame and the confirmation of a bearish candle can lead the price from the top of the bearish channel to lower levels.
Keep in mind that the price still has room to climb to hit the canal ceiling.
Analyst: Masih Rezvani