This setup looks great for a new setup trade strategy. The GBPEUR pair moved between a range of 36-188 pips on previous days we've had the following factors:
Gross Domestic Product (GDP)
Manufacturing Production m/m
On this date, however, we'll also have two other releases to add to the volatility of this pair:
Prelim GDP q/q
Prelim Business Investment q/q
This setup looks great for a new setup trade strategy. The GBPEUR pair moved between a range of 33-188 pips on previous days we've had the following factors:
Gross Domestic Product (GDP)
Manufacturing Production m/m
On this date, however, we'll also have two other releases to add to the volatility of this pair:
Prelim GDP q/q
Prelim Business Investment q/q
USDCAD - the price is at key resistance level. We're waiting to see how it will react around that level. If price breaks above the shown resistance level, we'll be looking to go long. But if the price gets rejected from that level, we'll be looking for short opportunity.
