EUR - BEARISH
1️⃣ Dragged down by coronavirus worries and Brexit concerns. Investors fear that a worsening coronavirus situation across Europe could hamper the region's economic recovery.
2️⃣ German Economic Sentiment eased to 56.1 in October.
GBP - BULLISH
1️⃣ Cable recorded fresh 5-week highs at the beginning of the week on the back of renewed optimism surrounding the UK-EU Brexit negotiation.
2️⃣ The European Union will continue to work for a fair deal with the United Kingdom in the coming days and weeks, the EU's chief Brexit negotiator Michel Barnier said on Tuesday.
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TECHNICAL
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- We're looking to short EURGBP on SBR level + 61.8% fibo retracement level on H1 chart.
- EURGBP in bearish zone.
1️⃣ Dragged down by coronavirus worries and Brexit concerns. Investors fear that a worsening coronavirus situation across Europe could hamper the region's economic recovery.
2️⃣ German Economic Sentiment eased to 56.1 in October.
GBP - BULLISH
1️⃣ Cable recorded fresh 5-week highs at the beginning of the week on the back of renewed optimism surrounding the UK-EU Brexit negotiation.
2️⃣ The European Union will continue to work for a fair deal with the United Kingdom in the coming days and weeks, the EU's chief Brexit negotiator Michel Barnier said on Tuesday.
=====
TECHNICAL
=====
- We're looking to short EURGBP on SBR level + 61.8% fibo retracement level on H1 chart.
- EURGBP in bearish zone.