ashfaq.hussain.duggal

EURGBP pending SHORT triggered inline our expectations

Kort
FX:EURGBP   Euro/Brittiska pund
2
We are short on EURGBP @ .8510. Pair broke .8450 support yesterday and daily candle closed with a bearish bais. We expect a bounce due to GBP CPI figures which turn out very slightly below market expectation. We setup a pending entry order @.8510 which got triggered inline with our expectations.
Initial Target is .8431, once met stop-loss will be moved to breakeven.

Inflation has hit highest in UK since July 2014 and we expect sterling to put some gains.
Furthermore, we expect carry currencies like Yen and EUR to weaken further as commodities and stocks are gaining.

Frånsägelse av ansvar

Informationen och publikationerna är inte avsedda att vara, och utgör inte heller finansiella, investerings-, handels- eller andra typer av råd eller rekommendationer som tillhandahålls eller stöds av TradingView. Läs mer i Användarvillkoren.