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PardoFX_Trading

EURGBP Support too strong unless you use Fundamentals.

Euro / Livre Sterling (FX:EURGBP)  
PardoFX_Trading  
FX:EURGBP   Euro / Livre Sterling
Support and Resistance Trend Lines Fundamental Analysis
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supportandresistance trendline fundamental
Can I see EG fully breaking a trendline not broken since December 2015? Nope! I can see it pushing inside back towards the previously failed area but with support from the 50% Fib level, the 100SMMA & the weekly support line it will take something major to push this through. Something such as EUR GDP & CIP fundamentals on Wednesday, or GBP interest rate decisions on Thursday. Too much volatility I am going neutral this week.
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