Fundamental and Analysis: Eurozone economy is stalling!!!
In this analysis, we see that Euro is more weakness than Sterling Pound and investor are buy Sterling Pound in the cheapest level i you trade GBP/EUR to buoy, but we use EUR/GBP to short!!!
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We see in H4 timeframe a possible descendent triangle that mean a sell on Euro!!! Also, we expect that the next fundamentals will be posiive for Sterling Pound in what we respect to the go ahead on the Brexit deal!!!
The trend in medium term is leading to bearish as we are into this bullish channel!!!
At the moment, there's not a lot fundamental for these week, becuse this week we have fundamental for US Dollar, Canadian Dollar and Australian Dollar a lot by the president Trump HAS tested positive to hand covid-19. The Canadian Dollar has the fundamental keys for tomorrow about the negotiations of the Canadian Oil and Australian Dollar was meeting yesterday about their monetary policy lf the Reserve Bank of Australia.
At the moment, fundamentally, we see that investor option to buy Sterling Pound more cheapest level because Euro is stallig and have issues on Germany from the past bad news about the unemployment and other factors that determined their inflation and Spain have the dissapoint on the country of the a lot cases of coronavirus in Spanish cities: Madrid and Navarra. And also, I have the Spanish news that present that Spain have the bad health system of the Eurozone.
'
We see in H4 timeframe a possible descendent triangle that mean a sell on Euro!!! Also, we expect that the next fundamentals will be posiive for Sterling Pound in what we respect to the go ahead on the Brexit deal!!!
The trend in medium term is leading to bearish as we are into this bullish channel!!!
At the moment, there's not a lot fundamental for these week, becuse this week we have fundamental for US Dollar, Canadian Dollar and Australian Dollar a lot by the president Trump HAS tested positive to hand covid-19. The Canadian Dollar has the fundamental keys for tomorrow about the negotiations of the Canadian Oil and Australian Dollar was meeting yesterday about their monetary policy lf the Reserve Bank of Australia.
At the moment, fundamentally, we see that investor option to buy Sterling Pound more cheapest level because Euro is stallig and have issues on Germany from the past bad news about the unemployment and other factors that determined their inflation and Spain have the dissapoint on the country of the a lot cases of coronavirus in Spanish cities: Madrid and Navarra. And also, I have the Spanish news that present that Spain have the bad health system of the Eurozone.
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