benny_marshall

EURGBP - FUNDAMENTAL AND TECHNICAL VIEW

FX:EURGBP   Euro/Libra esterlina
#EURGBP

- Currently the MARKET SENTIMENT for EURGBP is slightly UP SIDE. The main reason for that is the POSITIVE RISK SENTIMENT for EUR. The reason for NEGATIVE SENTIMENT in EUR is USD SELL. All MARKETS including STOCKS are UP due to MARKET RISK being ON. It affects the EUR in a big way.

- EURGBP can definitely go up to the high RESISTANCE LEVEL. EUR may be slightly WEAK due to USD STRONG at the moment. Accordingly, EURGBP can go up slightly until the 0.8867 LEVEL. And after that EURGBP can be SELL to 0.8352 LEVEL.

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