Interesting potential opportunity on the EURGBP. Following a large push to the upside last week, we now have a retracement to a level which is lining up with a pretty sweet Fib level. Taking a look at our COT reports for the week we also see a slightly stronger EUR and weakened GBP so we can expect the push up once liquidity is created.
Waiting now for a valid entry opportunity and hopefully we will see decent rewards from this pair.
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.