Fundamentals - Bearish bias with the GBP due to Tory lead dwindling post manifesto, rising inflation, aggressive EU Brexit stance and yesterday's terrorist attack.
Technicals - EURGBP closed above 200sma yesterday and has retraced today only slightly. Now bullish bias due to sitting above 200sma, 50ema and 20ema.
Buy @ market
SL @ 0.85897 (above 200sma)
TP @ 0.06999 (below previous high, monthly R2 and 0.87 round number)
Technicals - EURGBP closed above 200sma yesterday and has retraced today only slightly. Now bullish bias due to sitting above 200sma, 50ema and 20ema.
Buy @ market
SL @ 0.85897 (above 200sma)
TP @ 0.06999 (below previous high, monthly R2 and 0.87 round number)