EURGBP LongHey traders, EURGBP been respecting the support around 0.83 for quite long, currently we are waiting for the confirmation to go long around that zone, retail traders are long on GBP while we are planning to do the opposite and ECB seems forced to increase rates this year to face inflation. once we will receive any bullish confirmation the trade will be executed.
Trade safe, Joe.
Europe
SELL EURUSD (Weekly Timeframe)Just an idea and trade at your own risk.
EUR/USD is still bearish on all timeframes (4H, Daily, Weekly and monthly) and more to the bad fundamentals in Europe and big rise in commodities.
If EUR/USD weekly closes below past week and month low at 1.1106 and after breaking previous demand zone, more downtrend is expected to the next demand zone around 1.08-1.10.