EUR/GBP

Tested 85300, not much news today so some profit taking down to 8480 as you mentioned ,ECB out tomorrow with some positive spin on the euro, for now Id say since we are closer to 085 it will probably stay close to this area.

Doubtful it will recover the gap today since nothing happening, whatever about tomorrow, sentiment seems positive from what I've been looking at.

Better than expected data for EUR area ,we should get some bullishness.

ECB announcement could cause some high volatility today

I will be closing my trades just before any news, I shorted the CAC40 yesterday ,short eur/usd until 1.30 and long eur/gbp I may keep this one open as I suspect positive outcome.

Looks like eur/gbp is starting to find a bottom after the sell off ,trend on the longer time frames still looks negative, but we might get some buyers as its after London close.

Ha bullish move as I typed above, could be a fake out for awhile, still possible to catch a few points on low risk.

snapdragon1970 posted:
Ha bullish move as I typed above, could be a fake out for awhile, still possible to catch a few points on low risk.

I do think it's a fake out, but it may climb to 0.7470 again,

Bullish move just before Carney gives his speech at 12.30,slight dovish tone on the data earlier.3 attempts earlier to push higher was a bit of a clue.

It looks like it will climb to 0.8500. I opened a long at 0.8450.

Just taking a short on EUR/GBP from 85, later we have MP May speech at 8pm.

EUR/GBP trade climbs higher on data, I got knocked out with a small loss even though my trading partner told me to move it higher best to stick to the plan, there is a possible peak at 86850 if we draw a line on the daily chart across both previous peaks 88530 and 87875 area.

EUR/GBP - is testing 0.8590/0.8600 zone. I am expecting slowing down of the pressure coming out from the EUR now. Break above 0.8600 (not earlier then tomorrow, due to avoid fake break outs in the following hours) may open the way to 0.8645/50 resistance

Some weakness indeed, I went short earlier but expect that it will climb back up to line up with earlier peaks.

I'm keeping away from EURGBP for the now. Euro and GBP are likely to fall IMHO so could be some messy price movement soon

Euro data is quite good for now that's why we getting this bullish move ,might be a technical pullback around 86900.

I think there might a pullback even from 0.8620 next week. I haven't shorted yet though.

GB house prices on Today at 11pm and on Tuesday German GDP at 6am ,PMI after that, its going to be an interesting day.

 

It's rallied above 0.8625, I think it won't stop rising before it reaches 0.8700.