EURGBP - FUNDAMENTAL AND TECHNICAL VIEW
- The EUR FEATURE currently stands at 1.0425 LEVEL. We can see a slight UP TREND today compared to the previous days. The reason for this is that ECB has given a very HAWKISH CENTRAL BANK UPDATE.
- Its price is above EURGBP DYNAMIC S / R LEVELS. Also the GBP FEATURE stays at 1.2222 LEVEL. Therefore, most of the time the PRICE can be sold in the form of a STRUCTURE and BUY. Before that a RETRACEMENT can come to DYNAMIC S / R LEVELS again.
- Currently the SENTIMENT of the OVERALL MARKET is RISK OFF. Also the EQUITIES are turning a bit red. VIX INDEXES UP UP. Also COMMODITIES are now showing a DOWN SIDE BIAS. Currently the MARKET has a RISK OFF SENTIMENT. So be on the lookout, maybe in the NEWYORK SESSION in the market, maybe RISK ON today is Monday.
- EURGBP PRICE can be DOWN to 0.8489 LEVEL before UP. Then you can UP to LEVEL 0.8584. Also, the MARKET SENTIMENT may change after today's NEWYORK SESSION. Be aware of how the ECONOMIC INDICATORS and MARKET SENTIMENT differ.
- Its price is above EURGBP DYNAMIC S / R LEVELS. Also the GBP FEATURE stays at 1.2222 LEVEL. Therefore, most of the time the PRICE can be sold in the form of a STRUCTURE and BUY. Before that a RETRACEMENT can come to DYNAMIC S / R LEVELS again.
- Currently the SENTIMENT of the OVERALL MARKET is RISK OFF. Also the EQUITIES are turning a bit red. VIX INDEXES UP UP. Also COMMODITIES are now showing a DOWN SIDE BIAS. Currently the MARKET has a RISK OFF SENTIMENT. So be on the lookout, maybe in the NEWYORK SESSION in the market, maybe RISK ON today is Monday.
- EURGBP PRICE can be DOWN to 0.8489 LEVEL before UP. Then you can UP to LEVEL 0.8584. Also, the MARKET SENTIMENT may change after today's NEWYORK SESSION. Be aware of how the ECONOMIC INDICATORS and MARKET SENTIMENT differ.
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