GBPUSD LONG SETUP BUYING DIP ECB DRAGHI SHINE?
We have a crucial ECB meeting ahead.
ECB Rate: 12:45 (London Time)
ECB Press Conference: 13:30
'Risk-On Risk-Off' ,unlike Japanese-Yen, the EUR is only winning because of Brexit since going down with Sterling. (EUR&JPY, both funding currency, currency carry trade)
Plan A - Order Buy 1.41500
Plan B - Order Buy 1.40100
Swing Target 1.45600
This is for my trade journal only feel free to comment.
ECB Rate: 12:45 (London Time)
ECB Press Conference: 13:30
'Risk-On Risk-Off' ,unlike Japanese-Yen, the EUR is only winning because of Brexit since going down with Sterling. (EUR&JPY, both funding currency, currency carry trade)
Plan A - Order Buy 1.41500
Plan B - Order Buy 1.40100
Swing Target 1.45600
This is for my trade journal only feel free to comment.
Note
Brexit Risk-Off could favor new haven currency bid in EUR/GBP. If the ECB measures disappoint, further upside and a break above 0.80 is possible.
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Note
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Related publications
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.