On October 28 European Central Bank held a press conference. Inflation has hit Europe and now the time has come for more profound steps in the fight with the post-pandemic economy. What should we know to trade these events?
EUR/GBP: bullish targets
2020-06-23 • Updated
EUR/GBP continues trading within an uptrend. The pair has managed to break above 0.9000 (38.2% Fibonacci retracement of the March-April decline) which now acts as support. The recent high is not confirmed by the Awesome Oscillator on the D1, so the pair may retrace to the 0.9030/00 area. Never the less, the uptrend will look intact as long as the pair’s staying within an uptrend. An advance above 0.9070 will bring it to 0.9100 (50% Fibo) and the next important level will be at 0.9175.
Trade ideas for EUR/GBP
BUY 0.9075; TP1 0.9100; TP2 0.9070; SL 0.9060
BUY 0.9000; TP 0.9100; SL 0.8980
The performance of the British pound against other majors has grabbed a lot of attention during the last couple of weeks.
The rally of the US dollar has stopped for a while. That allowed risk-on assets (GBP, NZS, AUD, stocks) and also gold to recover some losses.
USD/TRY belongs to the exotic group of Forex currency pairs, that’s why traders don’t trade it regularly. However, these days this pair is in the focus of all the trading community!
Some cryptocurrencies, like Bitcoin or Ethereum, are useful and bring real value to the world.
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