EURO is become more optimistic: Grant News for Eurozone Data
Hello guys, in this technical analysis. Euro it's seem that is more optimistic. Well, in that case, we analyze EUR/GBP.
So, in H4 timeframe we see a possible formation of shoulder head shoulder inverted, that mean is EUR is more optimistic, we could to see a strong bought of EUR, because EUR is have the safe-haven assets ane the best currency of Forex for now. In the past week we are in the bullish rising wedge, that mean a bullish pattern, the possibility that EUR is go back to the bullish channel is so highly. And also, I represent my 3 targets to reach it in the price label.
Other coincidence is in Daily that we could to experiment a golden zone in the 0.618% of Fibonacci, and that mean a possible continue in the up trend!!!
Now, it's more importan to know if the EUR doesn't break up the bullish channel and appear a candlestick to entry in sell, we could to experiment in this par and EUR more weakness than GBP, because this par is so sensitive in two hears and this par is so difficulty to know what is the movement and it's one of the Forex's curency based in a lot fundamentals. For me my targets it's just 95 pips, in case that EUR is more optimistic than GBP and break up the channel to continue it, we could to see another buy it for EUR in this par until the reach the 0.92.
There are important kesy to take in noticed in the fundamentals in this par:
1. Pound terling to Euro outlook could be influenced by the European Central Bank this week.
2. Pound to Euro exchange rates slips from highs as Euro boosted by Recovery hopes
3. Pound exchange rates under pressure as hopes for Brexit Delay Fade.
4. In the last week investors bought the pound in reaction to various global and domestic aspects
5. Euro Exchange Rates steady as markets await evil developments.
6. Euro has been one of the currencies to benefit most strongly from coronavirus crisis.
7. Euro outlook remains fairly strong overall, due to for an European Union recovery fund to be agreed, as well as signs of recovery in Eurozone data.
8. Pound to Euro exchange rate awaits week of Eurozone news.
9. This week could be a key one for the Euro outlook. Many key Eurozone ecostats will be published throughout the week, and the European Central Bank policy decision for tomorrow could be especially influential.
10. Tomorrow's also, we will see the publication of Germany's final June inflation rate results
11. Eurozone industrial production and economic sentiment data from ZEC will also be published.
12. Pound to Eurzo exchange rate dips as uncertaines over brexit increase
13. Sterling Pound falls as only one in four UK companies are prepared for Brexit. That is another bad indicator for UK and their currency
14. EUR could be benefited as concerns linger over a second wave of covid-19 cases. Rememebr that in UK we see a lot cases os covid-19, and if US Dollar is drop, Sterling Pound is too, because the par GBP/USD is more influenced by US Dollar.
15. Euro edged higher against the GBP today as invetors continue to seek out the safe-haven status of the single currency. With fears continuing to grow over a posible second wave of the coronavirus, safe assets like the EUR and the US Dollar are trading higher today.
Well guys, all is depend the news for this week, if we see EUR/GBP good news, EUR it's could be benefited in all pars independent which are based in the good news for the Eurozone from today.
So, we could see a strong expectative bullish this week for EUR.
So, we hope a buy at this level that mentioned!!!
So, in H4 timeframe we see a possible formation of shoulder head shoulder inverted, that mean is EUR is more optimistic, we could to see a strong bought of EUR, because EUR is have the safe-haven assets ane the best currency of Forex for now. In the past week we are in the bullish rising wedge, that mean a bullish pattern, the possibility that EUR is go back to the bullish channel is so highly. And also, I represent my 3 targets to reach it in the price label.
Other coincidence is in Daily that we could to experiment a golden zone in the 0.618% of Fibonacci, and that mean a possible continue in the up trend!!!
Now, it's more importan to know if the EUR doesn't break up the bullish channel and appear a candlestick to entry in sell, we could to experiment in this par and EUR more weakness than GBP, because this par is so sensitive in two hears and this par is so difficulty to know what is the movement and it's one of the Forex's curency based in a lot fundamentals. For me my targets it's just 95 pips, in case that EUR is more optimistic than GBP and break up the channel to continue it, we could to see another buy it for EUR in this par until the reach the 0.92.
There are important kesy to take in noticed in the fundamentals in this par:
1. Pound terling to Euro outlook could be influenced by the European Central Bank this week.
2. Pound to Euro exchange rates slips from highs as Euro boosted by Recovery hopes
3. Pound exchange rates under pressure as hopes for Brexit Delay Fade.
4. In the last week investors bought the pound in reaction to various global and domestic aspects
5. Euro Exchange Rates steady as markets await evil developments.
6. Euro has been one of the currencies to benefit most strongly from coronavirus crisis.
7. Euro outlook remains fairly strong overall, due to for an European Union recovery fund to be agreed, as well as signs of recovery in Eurozone data.
8. Pound to Euro exchange rate awaits week of Eurozone news.
9. This week could be a key one for the Euro outlook. Many key Eurozone ecostats will be published throughout the week, and the European Central Bank policy decision for tomorrow could be especially influential.
10. Tomorrow's also, we will see the publication of Germany's final June inflation rate results
11. Eurozone industrial production and economic sentiment data from ZEC will also be published.
12. Pound to Eurzo exchange rate dips as uncertaines over brexit increase
13. Sterling Pound falls as only one in four UK companies are prepared for Brexit. That is another bad indicator for UK and their currency
14. EUR could be benefited as concerns linger over a second wave of covid-19 cases. Rememebr that in UK we see a lot cases os covid-19, and if US Dollar is drop, Sterling Pound is too, because the par GBP/USD is more influenced by US Dollar.
15. Euro edged higher against the GBP today as invetors continue to seek out the safe-haven status of the single currency. With fears continuing to grow over a posible second wave of the coronavirus, safe assets like the EUR and the US Dollar are trading higher today.
Well guys, all is depend the news for this week, if we see EUR/GBP good news, EUR it's could be benefited in all pars independent which are based in the good news for the Eurozone from today.
So, we could see a strong expectative bullish this week for EUR.
So, we hope a buy at this level that mentioned!!!