EURGBP trendline rejection
With Euro and Pound corrections underway the EURGBP is set to narrow into consolidation between 0.8600 - 0.8700 with a target of 0.8700 at the FOMC meeting. Technically the EURGBP is retracing from a trendline rejection at the 0.8750 high following the last two highs since January. Medium term lower target of 0.8500 should the UK terror threat abate and the elections outcome become clear
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.