Hey Traders,
EURGBP entering a range prior to the announcement of the Great British Pound CPI. On the one hour chart here, you can see the green area in which we are currently ranging, I'm expecting a breakout given the data of the CPI.
We've had a very good uptrend moving in the CPI data over the past six months and is forecasted to do another 0.5% increase. In the event the CPI matches forecasts, we're gonna see this pair head to the downside given the strength and the money flooding into the pound.
Keep an eye on this pair and a potential break downwards.
EURGBP entering a range prior to the announcement of the Great British Pound CPI. On the one hour chart here, you can see the green area in which we are currently ranging, I'm expecting a breakout given the data of the CPI.
We've had a very good uptrend moving in the CPI data over the past six months and is forecasted to do another 0.5% increase. In the event the CPI matches forecasts, we're gonna see this pair head to the downside given the strength and the money flooding into the pound.
Keep an eye on this pair and a potential break downwards.
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