On Friday the first of April, the Eurozone is scheduled to release core and headline CPI, with the headline figure forecast to be 6.6% (YoY), up from 5.9% (YoY) last month. Hotter inflation prints create a greater sense of urgency within the ECB to stop asset purchases and begin to hike rates.
Technically we can see EURGBP Daily is approaching a strong resistance area, bullish possibility may reach 0.846 - 0850. we need to wait for a bearish candle in the resistance area so it is possible to be bearish in the future. Moderate bullish also possible if the price breakout the resistance area (closing candle D1 above 0.85)
Technically we can see EURGBP Daily is approaching a strong resistance area, bullish possibility may reach 0.846 - 0850. we need to wait for a bearish candle in the resistance area so it is possible to be bearish in the future. Moderate bullish also possible if the price breakout the resistance area (closing candle D1 above 0.85)
Trade closed: target reached
