EURGBP is fluctuating in a neutra
Updated
The pair is fluctuating in a neutral range in weekly timeframe
At a shorter time frame it is descending into an ending channel that has reached the bottom of the long neutral channel.
It seems that it can be a good range to buy according to RSI and MACD indicators.
Fundamentally, the euro seems to have weakened enough against the pound over the past year, and signals from the euro to slowly raise interest rates could slowly push the pair toward its long-term channel ceiling.
Euro data should be monitored in the coming weeks
*** plz write me ur idea ***
At a shorter time frame it is descending into an ending channel that has reached the bottom of the long neutral channel.
It seems that it can be a good range to buy according to RSI and MACD indicators.
Fundamentally, the euro seems to have weakened enough against the pound over the past year, and signals from the euro to slowly raise interest rates could slowly push the pair toward its long-term channel ceiling.
Euro data should be monitored in the coming weeks
*** plz write me ur idea ***
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This analysis is long-term and still valid
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