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Friday, April 16, 2021

EUR/GBP sustained above the 0.8640 key level...

EUR/GBP sustained above the 0.8640 key level...

EUR/GBP OANDA:EURGBP

Prior Analysis:

snapshot

Since the last time I broke down EUR/GBP we managed to move and sustain above the 0.8640 key level.

Sterling has pared some losses, but remains under pressure amidst the ongoing dispute between the UK and EU over NI protocol compliance, with some progress made at a meeting between Frost and Sefcovic, but difficult issues still to be resolved according to the former.

After reviewing some of the recent movements on the 4-hour, its suggesting a short term downside move is now expected leading us into next week.

Hope everyone has had a good week in the markets thus far.

from Trading Ideas https://ift.tt/3wX5u3g
via gqrds

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