EUR/GBP
Member Since Sep 12, 2015
1948 posts
Jun 02, 2017 at 12:39
I will check the monthly data on lexvandam later.
"They mistook leverage with genius".
Member Since Sep 12, 2015
1948 posts
Jun 02, 2017 at 21:20
Euro still looks to be flavour of the month, second place pound and third Dollar, UK inflation at 2.7% killing savers.
"They mistook leverage with genius".
Member Since Dec 11, 2015
1487 posts
Jun 03, 2017 at 10:31
snapdragon1970 posted:
Euro still looks to be flavour of the month, second place pound and third Dollar, UK inflation at 2.7% killing savers.
The elections in the UK are in a few days, they could change this outlook.
Member Since Sep 12, 2015
1948 posts
Jun 05, 2017 at 13:20
I will wait till we hit 86835 and take it from there, peaked at the Jan 9th high could be a move lower to continue range from a technical point of view.
"They mistook leverage with genius".
Member Since Dec 11, 2015
1487 posts
Jun 06, 2017 at 09:51
We could see it move in that direction after the ECB press-conference on Thursday.
Member Since Sep 12, 2015
1948 posts
Jun 06, 2017 at 10:39
Danske Bank's post in the news section would be same as what I'd be thinking too.
"They mistook leverage with genius".
Member Since Dec 11, 2015
1487 posts
Jun 07, 2017 at 11:38
It's already dropping. I think it will reach 0.8630.
Member Since Dec 11, 2015
1487 posts
Jun 09, 2017 at 14:50
So much about it dropping, the elections caused a big rally. Did anyone manage to trade that?
Member Since Sep 12, 2015
1948 posts
Jun 09, 2017 at 15:38
I was going to go long just before the vote, ,you never can tell what algos are going to do,safer to sit on your hands,what a shocker for MP MAY, shorted it from the tops, looks like its in an uptrend for now but its London close as I type,have a long at 87925,Long eur/usd 1.1180.
"They mistook leverage with genius".
Member Since Dec 11, 2015
1487 posts
Jun 10, 2017 at 11:55
I did not dare trade it at all. Sometimes I freeze when I see news like this affecting the market so much. Then I regret it.
Member Since Sep 12, 2015
1948 posts
Jun 11, 2017 at 16:38
Some portfolio managers I know don't trade news either ,best to wait for a trend to form or scalp a spike , a straddle trade is another option would have been a good setup for this occasion.
"They mistook leverage with genius".
Member Since Dec 11, 2015
1487 posts
Jun 12, 2017 at 10:26
True. As it is, the pair is still moving to the upside, I wasn't expecting that.
Member Since Sep 12, 2015
1948 posts
Jun 12, 2017 at 12:51
GBP investor risk is pretty high I'm just closing my trade from 87925,took awhile for it to play out.
"They mistook leverage with genius".
Member Since Sep 12, 2015
1948 posts
Jun 12, 2017 at 13:02
Doing a small short now down to 88300,if we break that next target 8800, still there is an uptrend on the longer charts with possible upside of 9000.
"They mistook leverage with genius".
Member Since Dec 11, 2015
1487 posts
Jun 14, 2017 at 09:24
It even fell to 0.8770. I think that was it for the move down though, it will test the last high again.
Member Since Dec 11, 2015
1487 posts
Jun 16, 2017 at 10:48
It's very unclear, at least to me. I'll wait for next week for a better signal.
Jun 18, 2017 at 10:16
The EUR/GBP pair went back and forth during the course of the week, as the 0.88 level has offered significant resistance. I believe that the market continues to find a lot of interest in this area as it has been so resistive, and of course this pair is going to continue to be volatile because of the British leaving the European Union. This means there will be a lot of headline risk going forward, so it is a bit difficult to trade this market with any significant amount of size. However, if we can break above the top of the candle for the week, I feel then we go looking for the 0.90 level above. This is a market that has been in an uptrend for some time, but we also have been consolidating for the entirety of this year. A break above the top of the range for the week would break out of that consolidation, and that of course is a very strong buy signal.
Member Since Dec 11, 2015
1487 posts
Jun 18, 2017 at 12:10
The pair appears bullish, but whether it will break out above 0.8865 is a matter of debate for now.
