Long

EURGBP Possible Continuation

Updated

May have potential movement upward still even if we technically see it high fundamental euro may bang above a bit higher the way how EURUSD proved it every high no sell! I had some sentiment analysis though and I feel it has more potential upward prolly around r2 or even r3 let's see depending on the impact of BOE rate decision yet to come but pricing will occur before the event.

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We made it to the R2 as expected yay!

So EURGBP again proved that every high no-sells like the EURGBP. Fundamentals are in favor of euro rather then greenback and as talking about sentiment I was always having not to bear still on this cross pair which was correct because now I assume that market participants are feeling anxious about again next probability cuts from Fed. The reason why EURUSD is doing yet so well knowing technically that it seems overbought but fundamental and sentiment story isn't the same.

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This shows the power of EURO

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Nice going so far hmm.. sentiment are favoring for Euro bull more rather than the pound. We have our new weekly pivot and price floating above the pivot point makes clear that the euro is dominating against the pound at the moment. Possible break current week R1 and further above depends on market sentiment

jessi061

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