Entry in short: 0.382% or 0.618% of FIBO
In this analysis, in H1 we see a possible entry in short position in EUR/GBP using these Fibonacci levels
Now, In Daily we see a bearish scenario
So, that is all my simple analysis and just is wait for entry in short position.
Fundamentals Keys:
1. Pound to Euro exchange rate range bound as Eurozone Factory output increases strongly in August
2. Euro is struggled to gain agains Sterling Pound after the Eurozone's final manufacturing PMI for Aug was 51.7
3. Nevertheless, fears over a resurgence of covid-19 cases in Europe has dragged on the single currency's gain
4. Chris Williamson, chief Business Economist at IHS Markit, commented on the Eurozones manufacturing data this:
"Eurozone factory aoutput rose strongly again in August, providing further encoraging evidence that production will rebound sharply in the third quarter after the collapse seen at the height of the covid-19 pandemic in the second quarter".
5. The Germany unemployment rate ramained unchanged 6.4%
6. Germany's labour office said thatt the number of people on short-term work schemes had dropped to 5.36 million in June from May was 5.82 million of incomes.
7. Pound is strongest about the UK manufacturing data in August.
8. Duncan Brock, Group Director at the Chartered Institute of Procurament and supply, commented on the data:
"It seem the sector may be experiencing a "V" shaped recovery with the fastest rate of growth in the manufacturing sector since MAY 2014. Companies are looking at how to stay in business for the rest of the year as challenges from the pandemic retreat a little only to be replaced a little only to be replaced by an inminent Brexit exit strategy.
9. Euro investors will be looking ahead to tomorrow's Germany retail sales report for July. But any improvement in the Eurzone's powerhouse economy, ratail sector would prove an Euro positive
10. Unespectedly negative Eurozone inflation boost pound to Euro exchange rate to monthly best
11. August's finanlized roft of Eurozone manufacturing PMI and showed signs of economy recovery in the Eurozone.
***Very important is that tomorrow it's will be a news about the German Retail Slaes: It's a measures the change of the total value of inflation-adjusted sales at the retail sales, and tomorrow this news it's will be a good point of German's economy, that could be a Euro's up in this section while we hope an entry in short in those levels of FIBO, Otherpoint is the Euro negative rates that European Central Banks want, and investor are awaiting this data of ECB for this months, whilemean our workd is always read news.
Now, In Daily we see a bearish scenario
So, that is all my simple analysis and just is wait for entry in short position.
Fundamentals Keys:
1. Pound to Euro exchange rate range bound as Eurozone Factory output increases strongly in August
2. Euro is struggled to gain agains Sterling Pound after the Eurozone's final manufacturing PMI for Aug was 51.7
3. Nevertheless, fears over a resurgence of covid-19 cases in Europe has dragged on the single currency's gain
4. Chris Williamson, chief Business Economist at IHS Markit, commented on the Eurozones manufacturing data this:
"Eurozone factory aoutput rose strongly again in August, providing further encoraging evidence that production will rebound sharply in the third quarter after the collapse seen at the height of the covid-19 pandemic in the second quarter".
5. The Germany unemployment rate ramained unchanged 6.4%
6. Germany's labour office said thatt the number of people on short-term work schemes had dropped to 5.36 million in June from May was 5.82 million of incomes.
7. Pound is strongest about the UK manufacturing data in August.
8. Duncan Brock, Group Director at the Chartered Institute of Procurament and supply, commented on the data:
"It seem the sector may be experiencing a "V" shaped recovery with the fastest rate of growth in the manufacturing sector since MAY 2014. Companies are looking at how to stay in business for the rest of the year as challenges from the pandemic retreat a little only to be replaced a little only to be replaced by an inminent Brexit exit strategy.
9. Euro investors will be looking ahead to tomorrow's Germany retail sales report for July. But any improvement in the Eurzone's powerhouse economy, ratail sector would prove an Euro positive
10. Unespectedly negative Eurozone inflation boost pound to Euro exchange rate to monthly best
11. August's finanlized roft of Eurozone manufacturing PMI and showed signs of economy recovery in the Eurozone.
***Very important is that tomorrow it's will be a news about the German Retail Slaes: It's a measures the change of the total value of inflation-adjusted sales at the retail sales, and tomorrow this news it's will be a good point of German's economy, that could be a Euro's up in this section while we hope an entry in short in those levels of FIBO, Otherpoint is the Euro negative rates that European Central Banks want, and investor are awaiting this data of ECB for this months, whilemean our workd is always read news.