EUR/GBP is in strong sell: Sell EuroEuro is change the trend, so we hope for the next days a sell-off of the par Euro/Sterling Pound, at the moment the only that we know that Euro is going to drop is about the German Data was failled and the continue proggress of Brexit in United Kingdom. This is a reason that Sterling Pound could be to benefited.
As this par is one of my favorites and I am one of the TOP 5 of the Euro/Sterling Pound, sincerely, is one of my favorites par to analyze in trading and the best par that I earn in Forex based in fundamentals, news between the European Union and United Kingdom.
So, for the next week, there will be news of this par a lot to continue reading!!!
Also, I large my take profit at 240 pips because the simtric triangle show me a strong drop and sell-off of the par.
Germandata
Keep signal in Short: German Data is failled: Sell of EuroWow, as I see in the past 3 weeks, I catch up my prediction that Euro/Sterling Pound is drop, now this is the reality it.
Now, if you see, this is a bear scenario that I see in this par
Now, in H1 we see an Euro so bearish and we hope an entry short in this green zone with the good candlestick + confirmation to entry in short
Fundamentals Keys:
1. Euro/ Sterling Pound exchange rate rangebound as markets brace for the US Jackson Hole Symposium
2. Euro/ Sterling Pound exchange rate steady as French Business climate in manufacturing improves
3. The Euro flls despite stronger-than-expected German Growth Data