🔔🔔🔔EUR/GBP news:
👉The EUR/GBP pair remains stable after gaining in the previous session, trading around 0.8420 during Asian market hours on Wednesday. The Euro (EUR) strengthens as demand for increased deficit spending grew among the Eurozone’s largest economies. In Germany, key political parties—including the CDU/CSU bloc, SPD, and Greens—approved a landmark €500 billion spending plan for defense and infrastructure, leading to a substantial rise in national debt.
👉Additionally, the Euro may receive further support from improved risk sentiment, driven by optimism over a potential ceasefire between Russia and Ukraine. On Tuesday, US President Donald Trump and Russian President Vladimir Putin agreed to an immediate halt to strikes on energy infrastructure. However, Putin declined to approve a wider, month-long ceasefire negotiated between Trump’s team and Ukrainian officials in Saudi Arabia.
Personal opinion:
👉EUR/GBP will maintain its upward momentum in the near future due to the impact of good news supporting EUR.
👉RSI (2H) is currently below the buy zone and there is no sign of reversal, this is a retest of the trend line and the support zone of 0.8380. So consider this area to be able to buy at a good price for you
Analysis:
👉Based on important resistance - support and Fibonacci levels combined with the trend line to come up with a suitable strategy
Plan:
🔆Price Zone Setup:
👉Sell EUR/GBP 0.8370 - 0.8385
❌SL: 0.8345 | ✅TP: 0.8410 - 0.8450 - 0.8480
FM wishes you a successful trading day đź’°đź’°đź’°
👉The EUR/GBP pair remains stable after gaining in the previous session, trading around 0.8420 during Asian market hours on Wednesday. The Euro (EUR) strengthens as demand for increased deficit spending grew among the Eurozone’s largest economies. In Germany, key political parties—including the CDU/CSU bloc, SPD, and Greens—approved a landmark €500 billion spending plan for defense and infrastructure, leading to a substantial rise in national debt.
👉Additionally, the Euro may receive further support from improved risk sentiment, driven by optimism over a potential ceasefire between Russia and Ukraine. On Tuesday, US President Donald Trump and Russian President Vladimir Putin agreed to an immediate halt to strikes on energy infrastructure. However, Putin declined to approve a wider, month-long ceasefire negotiated between Trump’s team and Ukrainian officials in Saudi Arabia.
Personal opinion:
👉EUR/GBP will maintain its upward momentum in the near future due to the impact of good news supporting EUR.
👉RSI (2H) is currently below the buy zone and there is no sign of reversal, this is a retest of the trend line and the support zone of 0.8380. So consider this area to be able to buy at a good price for you
Analysis:
👉Based on important resistance - support and Fibonacci levels combined with the trend line to come up with a suitable strategy
Plan:
🔆Price Zone Setup:
👉Sell EUR/GBP 0.8370 - 0.8385
❌SL: 0.8345 | ✅TP: 0.8410 - 0.8450 - 0.8480
FM wishes you a successful trading day đź’°đź’°đź’°
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EUR/GBP is hitting support and bouncing up
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Join now !!!!
Channel: signals - knowledge and FOREX comments
Join now !!!!
Channel: signals - knowledge and FOREX comments
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.