In our Daily Trade Watch video, we look for high probability trade setups that we can trade throughout the day. Today, we analyse a trade setup in EURGBP.
Firstly, from a fundamental and sentiment perspective, the euro took a bit of a hit yesterday after Christine Lagarde’s first press conference in the hot seat. Basically, she is wanting to assess current approaches to monetary policy. However, from a technical perspective, the EURGBP has been in a downtrend since August last year and now we are just beginning to take the next leg to the downside.
Now that the ECB press conference is out of the way we can look for a sell trade in EURGBP below 0.8416.
Trade Setup in EURGBP – Full Video Analysis
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