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Tuesday, May 24, 2022

EURGBP at the top level of the descending channel
1 mins well spent

EURGBP Analysis

EURGBP is moving in a clear descending channel by forming lower highs and lower lows in the 4-hour timeframe chart.

Now, the market price has reached the top level (lower high) of the channel.

Euro rises as French GDP for the third quarter expected as a positive result, an estimate of 18.7% from 18.2%. Monthly inflation rate if falls to -0.7%, then ECB may do easing policy settings. If inflation reading comes in positive then Euro will surge.

Boris walk away from brexit

UK Pound sets to weaker as Brexit talks still not solved, more disagreements in talks in both sides EU and UK.

People protest towards no brexit

If Brexit deal comes the UK Economy will get strong and if deal not done, Pound will get weaker from the higher value.

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