Join me now in my economic journey and I am going to show you exactly how to gain a large amount trading pips on EUR/GBP currency pair.
You will also learn how to take advantage of sudden shifts in the trading process and the potential of the 0.8700 level.
Factors that might affect this pair today
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According to Fxempire.com today the GBP/EUR currency pair is trading in the close vicinity of the 0.8710 level and it is already showing strong intentions of moving upwards close to the 0.8770 level.
EUR/GBP found plenty of support around 0.8650
I have noticed that at the end of the last trading day in January the trading cross is setting up camp in the close vicinity of the 0.8700 level. There are several solid signs that after the strong advances on the chart the cross will not stand there but continue its movement upwards. All this time the European Union has offer nothing but negative influence and this has obviously sparked a high demand for the GBP.
In other words I strongly believe that the GBP single currency is on a continuous sell off action ignited by the recent FOMC conference.
Why I think EUR/GBP exchange rate is one of the best currencies to trade right now
I believe that strong influence will be coming in from the United Kingdom where the Prime Minister Theresa May has addressed the entire population that the UK will be leaving the European Union on the 29th of March. This news came in like a thunder as the reactions are very well mixed.
At the same time in the European Union I have noticed that the Italian economy is slowly going down the recession path.
| Today I advise you to use the SELL action as much as possible!
Forex and Profits presents Today’s Free Forex Signal A summary of Highs and Lows Highest level = 0.8785 Lowest level = 0.8724 Volatility level = Very High
Today’s Forex predictions Here is my forecast for tomorrow Buy – 5% Sell – 95% S3 = 0.8576 S2= 0.8616 S1 = 0.8681 R1 = 0.8781 R2 = 0.8822 R3 = 0.8883 |
EUR/GBP significant trading levels
For the time being the EUR/GBP is going downwards by a negative value of -0.06% and it is trading in the vicinity of the 0.8746 level therefore I believe that by jumping over the 0.8732 level this will definitely clear the trading path towards the 0.8655 point followed close up by 0.8617.
On the other side of the medal there are several solid points beginning with 0.8764 continuing with 0.8839 and lastly ending with 0.8862 point.
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