Technical Analysis
Key Levels:
Support:0.83500 (immediate), followed by 0.83000 and 0.82500.
Resistance: Near 0.83725 (daily high).
Price Action:
- Very narrow range (Low: 0.83667, High: 0.83725), suggesting low volatility or consolidation.
- The slight uptick (+0.00014) hints at minor bullish sentiment, but the lack of momentum indicates uncertainty.
2. Fundamental Context (Interest Rates & Policy)
ECB vs. BoE Rate Expectations: Currently ECB 2.5BPS and BOG 4.5BPS
If the ECB is more dovish (cutting rates sooner than the BoE), EUR/GBP could break below 0.83500.
Trading Strategy Scenarios
Bearish Breakout (ECB Dovish)
Sell -targeting 0.83000 (next support).
Key Levels:
Support:0.83500 (immediate), followed by 0.83000 and 0.82500.
Resistance: Near 0.83725 (daily high).
Price Action:
- Very narrow range (Low: 0.83667, High: 0.83725), suggesting low volatility or consolidation.
- The slight uptick (+0.00014) hints at minor bullish sentiment, but the lack of momentum indicates uncertainty.
2. Fundamental Context (Interest Rates & Policy)
ECB vs. BoE Rate Expectations: Currently ECB 2.5BPS and BOG 4.5BPS
If the ECB is more dovish (cutting rates sooner than the BoE), EUR/GBP could break below 0.83500.
Trading Strategy Scenarios
Bearish Breakout (ECB Dovish)
Sell -targeting 0.83000 (next support).
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.
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.