Are you searching for a strong currency with high potential on the trading chart? Guess what? Now you can make some great Pips on the EUR GBP exchange rate and begin your journey as a successful trader!
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According to Fxempire.com today the EUR GBP currency pair is trading higher than usual in the proximity of the 0.8900 level and it is patiently waiting for new data releases in the European Union as well as news about Brexit.
EUR/GBP keeps a close eye on Brexit
I have recently noticed that The European Union trading cross will keep the trading pace at an impressive rate and June barely began and the cross already posted fresh new high values but it has managed to gain over 5% since the lows of May’s 0.8500 low points
On top of this I have also noticed that there is an increasing uncertainty surrounding the vast amount of speculations as to who will come into office in the UK Government as the next Prime Minister after Theresa May’s departure.
Still in the European Union the US President Donald Trump who is currently visiting the UK has stated that the United States is always ready to make a brand new trade deal with the United Kingdom event after its departure from the EU.
Why I think EUR/GBP exchange rate is one of the best currencies to trade right now
At the same time the French President Emmanuel Macron has announced that there will be no supplementary delays after the 31st of October when Brexit has been scheduled to take place.
As for data releases the preliminary inflation figures in the European Union for the previous month of May will be released later this trading week.
Today I advise you to use the SELL action as much as possible!
Let us know how you feel about this analysis? Even if you are a novice trader we would still like to know your opinion!
|Forex and Profits presents Today’s Free Forex Signal|
A summary of Highs and Lows for the EUR GBP
Highest level = 0.8850
Lowest level = 0.8790
Volatility level = High
Today’s Forex predictions
Here is my EUR GBP forecast for tomorrow
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Sell 100 %
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 currency pair is going upwards by a positive value of +0.20% and it is trading in the close vicinity of 0.8894 therefore by breaching the 0.8902 level this will definitely clear the trading path towards the 0.9062 level followed close up by 0.9092.
On the other side of the medal there are several solid points starting with 0.8834 followed close up by 0.8783 and lastly ending with 0.8724.
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