EURGBP Analysis
EURGBP is rebounding from the lower low of the descending channel in the Higher timeframe (daily chart) and has broken the minor resistance area in the lower timeframe (1-hour chart).
Aftet the confirmatin of the uptrend movement, EURGBP buy signal given.
EURGBP reached the take profit target sucessfullly.
EURO: ECB central bank member speech
ECB Central bank Policymakers and Governing council member Madis Muller said that it is not Clear for the Bank to add the Asset purchase program after March month PEPP program ended due to higher inflation and instability of Economy recovery.
And Slovak Central bank Governor Peter Kazimir said we are more aware of premature tightening.
And EURUSD found lower to 1.1230 area once again after ECB shows inflation is transitory and not too tapering asset purchases and to increase the rate of interest.
US domestic data shows improvement in Economy recovery and just opposite to Eurozone economy.
UK POUND: UK and EU made closer to solving Northern Ireland Protocol
UK Pound like to benefit from UK and EU over Northern Ireland protocol to solve soon.
And Britain now granted licenses to French Fishermen last day, and this news subsided to UK and France talks.
Now UK and EU over Post Brexit deal talks on Northern Ireland Protocol are remaining.
US treasury yields made higher after FED hopes on tapering bets higher in the December meeting.
Due to this scenario, GBPUSD has been in consolidation for the last three weeks around the 1.3190-1.3350 range.
And the Geopolitical tensions between US and Russia takes charge this week; the US impose sanctions if Russia invades Ukraine anytime.
The Omicron variant crossed the 100 marks in the UK, but no one has died from the Omicron variant, so cases seem less deadly than the Delta variant.
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