I see no reason why it would climb to 0.9100 in the foreseeable future, to be honest.
That all depends on negotiations,for now though its sitting around 88-89,EU has put the pressure on UK to conform with the rules until final exit.
"They mistook leverage with genius".
For me risk on this pair is to the upside. GBP is high right now but all it takes is some announcement / brexit comment and it could all come crashing down
RedPips posted:
For me risk on this pair is to the upside. GBP is high right now but all it takes is some announcement / brexit comment and it could all come crashing down
The pair's in range and I think it's almost certain it will fall back again.
Feb 18 2018 at 06:31
Interest rates look like they will go up in England so I expect EurGbp will fall soon enough
Later we have Carney speaking,might get some moves on Eur/GBP,then Wednesday we have inflation report/ testimony.
"They mistook leverage with genius".
I'm sure you guys have seen the latest news from Bloomberg ,UK could with hold Billions from EU unless a free Trade deal is struck,we heard this months ago now its showing its head again.
"They mistook leverage with genius".
Anyone has any thoughts on this pair?
I bought at the open this morning,nice trade,I think it will go down and re test 88 again.
"They mistook leverage with genius".
Since yestereday the pair resumed to the upside, but euro bulls are not strong enogh to fight the 0.89 handle.
All depends on news now,expect levels to be broken if we get solid news,buy and sell extremes to play safe.
"They mistook leverage with genius".
I think it will drop to 0.8750 next week or maybe even to 0.8700.
Mar 02 2018 at 12:58
Still Long view up to 0.91
Price is over extended I expect a pullback soon,abit soon for 90-91 area.
"They mistook leverage with genius".
snapdragon1970 posted:
Price is over extended I expect a pullback soon,abit soon for 90-91 area.
I agree, the pair is overbought right now.
Might get more of a sell off at London close,it's just a matter of time.
"They mistook leverage with genius".
Mar 02 2018 at 15:32
mlawson71 posted:snapdragon1970 posted:
Price is over extended I expect a pullback soon,abit soon for 90-91 area.
I agree, the pair is overbought right now.
Absolutely not...
The pair has been ranging for 7 months in a narrow range: 0.87 to 0.90
Market is ready to break out any time any direction but for now, it shows bullish momentum
Watch out weekly closed candle above 0.89
Lets see how the elections in Italy fair out on Sunday and the German vote on coalition,ECB isn't until Thursday,some swings in price expected.
"They mistook leverage with genius".
