EURGBP | UNCERTAIN but leaning towards BUYING.
Generally speaking this pair is in consolidation for the past 4 years between 0.83 - 0.93, if we follow this technically EURO Should go down as it already tested the resistance area
BUT, there's a mini consolidation that is happening between .87 - .92 ever since the Brexit talks are hot again.
A DEAL OR NO DEAL?
I believe that any deal strike between these two will likely hurt the UK more, a no-deal Brexit just avoids the humiliation of succumbing to the control of EU and will likely make UK stronger in the future.
A no deal brexit will hurt UK more than they can imagine tarrifs, hassle at the borders, fishing problems, and a lot more.
While striking a deal will also hurt them but not that much but they will be giving up full sovereignty, EU will pillage their seas and give them 18% of it. (LOL)
Either way, GBP is more likely to go down short term.
BUT, there's a mini consolidation that is happening between .87 - .92 ever since the Brexit talks are hot again.
A DEAL OR NO DEAL?
I believe that any deal strike between these two will likely hurt the UK more, a no-deal Brexit just avoids the humiliation of succumbing to the control of EU and will likely make UK stronger in the future.
A no deal brexit will hurt UK more than they can imagine tarrifs, hassle at the borders, fishing problems, and a lot more.
While striking a deal will also hurt them but not that much but they will be giving up full sovereignty, EU will pillage their seas and give them 18% of it. (LOL)
Either way, GBP is more likely to go down short term.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.