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.

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