EUR/GBP: Bearish fundament in EuroWhat I think it's that they're an impact negative in the Europe energy crisis as governments are starting to share higher energy costs with European consumers, that thing that we should to call a worry scenario that will affect the European economy and of course the performance in the trades and business. Also I know that UK has a bad expectative in based the high cost of living and inflation out of control in the lives of Britain people. But that forex par make a high correlation and sensitivity with 2 biggest nation UK and EU. That it's all my fundamental key that I bring you everyday.
So, Euro/Sterling Pound look in my technical analysis into this bullish channel and I believe that Euro it's more weak in front of Pound.
Also, we could to expect this projection in the movement in EUR/GBP to open short position in this. Also, in Daily timeframe, we see a high probability that Euro could to weak more than Pound in based that we're fundamentally in the worst crisis in Europe never see by decades and a lot fears in the global financial market, more specifically in European markets. 0.8677 GBP, Stop Loss to 0.8511 GBP and take profit to 0.8416 GBP. This it's a risk/benefit 1:2.
I hope that this idea and analysis support you and using the fundamental keys to watching what happen in the global financial market
Good luck in this trade!!!
So, I will put a sell place to
