Huge GBP news being released on Thursday, every news source is stating that interest rates will be rising. If interest rates rise, the price of the GBP will rise. Therefore EUR/GBP will go down. The reason I chose this pair is because it is already in a nice downtrend. However we are currently hitting a very key trendline, if it breaks im expecting a bounce from key resistance level and then a retest of the trendline before EUR/GBP to further move down. Trade safe traders.
Note
This was a fakeout, trade voided
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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.