EURGBP Higher
Trying EURGBP higher here.
rate differentials are near the highs while the pair is at the lows, the pair tried to move below the current range but didn't quite make it which i think is a good sign. We also have a hammer on the daily chart.
The narrative i think is shifting as well, EUR data is surprising to the upside and there's a chance of a hawkish ECB this week relative to expectations. Meanwhile the BoE is possibly turning dovish on a fall in UK inflation.
Not trading/investment advice, feedback welcome!
rate differentials are near the highs while the pair is at the lows, the pair tried to move below the current range but didn't quite make it which i think is a good sign. We also have a hammer on the daily chart.
The narrative i think is shifting as well, EUR data is surprising to the upside and there's a chance of a hawkish ECB this week relative to expectations. Meanwhile the BoE is possibly turning dovish on a fall in UK inflation.
Not trading/investment advice, feedback welcome!
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