EURGBP Thoughts?
My idea on EURGBP over the coming days. What are peoples thoughts?
I can see lots of liquidity areas that are ready to be taken, Highlighted a 1 min inefficient price action which is a target to be taken below the liquidity, also an area that will attract alot of buyers - more liquidity.
I would expect some sort of fake reaction to the 77 fib area then wicking down to the 88 area, taking out the previous lows before going up?
I have alerts set to monitor price action.
Fundamentally the Euro is expected to keep gaining as negative rates are expected to end by the third quarter? And the UK heading towards a recession?
bloomberg.com/news/articles/2022-05-24/euro-extends-gain-as-ecb-charts-a-path-for-end-of-negative-rates
Any feedback would be appreciated :)
I can see lots of liquidity areas that are ready to be taken, Highlighted a 1 min inefficient price action which is a target to be taken below the liquidity, also an area that will attract alot of buyers - more liquidity.
I would expect some sort of fake reaction to the 77 fib area then wicking down to the 88 area, taking out the previous lows before going up?
I have alerts set to monitor price action.
Fundamentally the Euro is expected to keep gaining as negative rates are expected to end by the third quarter? And the UK heading towards a recession?
bloomberg.com/news/articles/2022-05-24/euro-extends-gain-as-ecb-charts-a-path-for-end-of-negative-rates
Any feedback would be appreciated :)
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