EUR/GBP

Euro dollar showing some weakness, not that eur/usd and eur/gbp always act the same but sometimes they do.

Some election talk from Merkel 'Euro to weak ',not worth reading the topic ,nothing new.

EUR/GBP - Euro is rising and most likely the next target could be around 0.9680/90

3pm can be a bit of take profit time, apart from that London close might be the next take profit around 3.45ish

1M % YTD % Last Close 52w L Range 52w H 10YR (%) 1w chg (bps) Inflation CB Real rate Euro 2.8 6.2 1.1167 1.0388 1.1395 0 1.9 0 0 -1.9
Franc 2.0 4.4 0.9764 0.9543 1.0300 -0.11 -6 0.4 -0.75 -1.2
Krone 1.9 3.0 8.3915 7.9810 8.7234 1.52 -8 2.2 0.5 -1.7
Krona 1.4 4.3 8.7328 8.1097 9.4092 0.50 -8 1.9 -0.5 -2.4
Pound 1.4 5.1 1.2971 1.2047 1.4877 1.07 -7 2.7 0.25 -2.5
Canadian -0.1 -0.5 1.3514 1.2693 1.3749 1.48 -10 1.6 0.5 -1.1
NZ Dollar -1.0 0.2 0.6949 0.6694 0.7451 2.86 -7 2.2 1.75 -0.5
Yen -1.3 5.2 111.2 99.9 118.2 0.05 1 0.2 -0.051 -0.3
Aus Dollar -1.5 3.4 0.7456 0.7176 0.7762 2.49 -10 2.1 1.5 -0.6
D Index -2.7 4.9 97.3 93.5 103.3 2.24 -11 2.2 1 -1.2


That didn't parse very well .

BaldoN posted:
EUR/GBP - Euro is rising and most likely the next target could be around 0.9680/90

Did you mean 0.9680 or 0.8680, because there is a long way to go to 0.9680.

We got a push higher on the German Data, DAX still climbing ,Euro selloff more than likely because of Greek risk falling to secure debt restructuring.

Eur/USD looking to break out to the upside, pound still looks choppy, unless it hits 86800 area best to remain on the side lines.

EUR/USD getting some floor at 1.120 need to see it being tested a few times ,trading is slim so be aware of algo spikes.

EUR/GBP is bullying and rallying, I opened a long position. TP is at 0.8760.

The pair almost reached 0.8760, I closed my long manually just in case. Any theories whether it will keep rising?

We almost end of month so might see some change ,I will look at the UK data later .

Theresa Mays comments 'prepared to walk away if she cant get a good deal', we have heard this numerous times also of note Greek looking at opting out of next payment oops ! Talk about Euro negative.

snapdragon1970 posted:
Theresa Mays comments 'prepared to walk away if she cant get a good deal', we have heard this numerous times also of note Greek looking at opting out of next payment oops ! Talk about Euro negative.

Wait, where have you heard about the part with Theresa May? Does this refer to the elections?

There was a chat show on last night with Paxman ,May was one of the guests,he pushed her to answer the question ,will you walk away if you can't get a good deal with Eu,finally she said yes.

snapdragon1970 posted:
There was a chat show on last night with Paxman ,May was one of the guests,he pushed her to answer the question ,will you walk away if you can't get a good deal with Eu,finally she said yes.

Oh, I see. I didn't watch that. There is so much uncertainty around the Brexit deals, and by the looks of it that will only get worse.

I don't watch much on TV except news ,it's on YouTube ,with elections some of the messages are to be taken with a pinch of salt.

Brexit is the big unknown and purely because it is unknown, traders don't like it and this will caused GBP weakness

Investors /pension funds are concerned,Traders shouldn't care if a currency is going up or down as long as its moving enough point to make a trade.