Just picked up a long trade on EURGBP after EU data came out better than expected by the market. I decided not to take the trade on EURUSD because of the inflation rate data coming this afternoon. EURGBP is still in a uptrend on the daily timeframe and did a nice pullback on the 4 hour to enter long.
Employment data and ZEW economic sentiment came out stronger than anticipated by the market which could mean ECB holding rates maybe much longer
Employment data and ZEW economic sentiment came out stronger than anticipated by the market which could mean ECB holding rates maybe much longer
Trade closed: stop reached:
GBP stronger after US CPI