EURGBP Analysis:
Big bull engulfing candle formed in the strong support area in the weekly timeframe chart.
EURGBP has broken, retested the previous resistance area and the market is trying to rebound from the retest zone in the 4-hour timeframe chart.
After the confirmation of upward movement EURGBP buy signal given.
But EURGBP hover around the entry price range and take profit range and it startsto make a ranging movement between the entry price levels for a long time.
The market kept moving up and down between the entry price ranges for 2 days as per AEDT time zone.
As per signal following rules, This signal has made ranging movement within the protection time the EURGBP signal has closed at an entry price level.
For new users: Please note that: EURGBP signal has been closed at entry price level due to lack of movement and the 2 days protection rule. Keep following our signals as per the signal rules given to you under each signal message : https://signal.forexgdp.com/follow
If you know our signal rules, please take this short signal quiz test here: https://signal.forexgdp.com/follow/#quiz
Please be patience and wait for the next good opportunity signal. We always want you to trade safely at all market conditions.
EURO: ECB Lagarde Speech
EURUSD slight down from the Resistance zone as ECB Meeting held last day.
And ECB President Lagarde Speech happened last day; she said there would be no rate hike until purchasing assets are finished.
So, News looked more Dovish than hawkish comment happened last Friday.
And RBNZ Governor ORR said Central Bank has started to do central Bank Digital currency (CBDC) Steps.
As of now, the euro currency is waiting for US CPI data and FED Monetary Report.
UK Pound: Brexit talks resumes this week Friday
GBPUSD is surrounded by UK PM Johnson Political party fears and Brexit fears in the phase.
In Northern Ireland – Elections are going to happen.
The Democratic Unionist Party said Northern Ireland Power sharing would not be allowed unless European Commission abandons the checks of British Goods arrived here.
And on Friday, Brexit talks between UK Brexit minister Liz Truss and European Commission Vice President Maros Sefcovic.
So, UK Pound has Various pressures to move forward against US Dollar.
Don’t trade at your free time, instead trade the markets only when there are confirmed trade setups.
Get confirmed trade setups here: https://signal.forexgdp.com/buy/
