Chuck-Norris

Eur/Gbp getting exhausted (Short)

Short
FX:EURGBP   Euro / British Pound
-We're getting to the top of long-term range
-Jackson Hole conference at the end of this week will host both Yellen and Draghi
-Draghi will IMO be dovish to smaller or higher extend as per his latest comments of Euro "overshooting in repricing by financial markets"
-Other circumstances indicate he wont be hawkish (no QE tapering for now
-Will enter the trade as soon as market opens
-"Sources familiar with the matter" said that Draghi will not deliver no new policy message at Jackson Hole
-North Korea might spew out some aggressive headlines since there will be joint military drills in Japan (US and Japanese forces) - this might weight in to this pair as well

Cheers
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.