Here I have EUR/GBP on the 1Hr Chart exhibiting a Flag Pattern that looks quite BULLISH.
Now my analysis on this pair is pieced together mostly Fundamentally given that EUR & GBP both went through the ringer this morning with the Purchasing Managers Index.
BUT, EUR will be taking the cake for the rest of the week for news with:
German Business Climate & President Lagarde Speaking - Wednesday
&
Main Refinancing Rate, Monetary Policy Statement and ECB Press Conference - Thursday
If news turns out positive for EUR, that could give EUR what it needs to fulfill this Bull Flag and Break Bullish bringing the price higher!!
-OR-
Could make this Set-up impossible to find a legitimate entry..
KEEP A WATCHFUL EYE!!!
Now my analysis on this pair is pieced together mostly Fundamentally given that EUR & GBP both went through the ringer this morning with the Purchasing Managers Index.
BUT, EUR will be taking the cake for the rest of the week for news with:
German Business Climate & President Lagarde Speaking - Wednesday
&
Main Refinancing Rate, Monetary Policy Statement and ECB Press Conference - Thursday
If news turns out positive for EUR, that could give EUR what it needs to fulfill this Bull Flag and Break Bullish bringing the price higher!!
-OR-
Could make this Set-up impossible to find a legitimate entry..
KEEP A WATCHFUL EYE!!!