EUR/GBP
Maybe a potential short trade for the EUR/GBP?
- BoE is bound to come with a 75 Basis point increase on the interest rate Thursday.
- England are experiencing way tougher inflation than the European regions.
- RSI are already/close to signal a overbought signal, therefore a back-trace to more normal levels would be ideal
- ADX also showing a strong upward trend, been doing so for days, but should change direction, if my guts are correct.
lets see what happens in the coming week.
- BoE is bound to come with a 75 Basis point increase on the interest rate Thursday.
- England are experiencing way tougher inflation than the European regions.
- RSI are already/close to signal a overbought signal, therefore a back-trace to more normal levels would be ideal
- ADX also showing a strong upward trend, been doing so for days, but should change direction, if my guts are correct.
lets see what happens in the coming week.
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.