Technical Analysis

EURGBP coiling from indecision

Italy budget vs Brexit

Which is worse? Italy’s budget problem for the Euro or Britain’s N.Irish border problem for the GBP?

This is what EURGBP is trying to decide at the moment as price coils, ready to spring.

 Will Carney addressing the market later be a catalyst? He will surely be concerned by the latest Brexit developments. Watch for the breakout on this pair. 100 EMA and trend line containing risk on the upside at the moment on the 4 hour chart.

ForexLive

Articles You May Like

BOC, ECB, & RBA Rate Expectations Drop as Global Recession Fears Cool – Central Bank Watch
Equities continue to hint at hopeful optimism on trade talks
AUD/USD Bounces Back as Trump Fuels Hope for US-China Trade Deal
US Dollar (USD) Weekly Outlook: US-China Trade Talks are Key
AUD/USD Eyes 2019-Low as China Pledges to Retaliate to US Blacklist

Leave a Reply

Your email address will not be published. Required fields are marked *