GBPUSD LONG SETUP BUYING DIP ECB DRAGHI SHINE?
We have a crucial ECB meeting ahead.
ECB Rate: 12:45 (London Time)
ECB Press Conference: 13:30
'Risk-On Risk-Off' ,unlike Japanese-Yen, the EUR is only winning because of Brexit since going down with Sterling. (EUR&JPY, both funding currency, currency carry trade)
Plan A - Order Buy 1.41500
Plan B - Order Buy 1.40100
Swing Target 1.45600
This is for my trade journal only feel free to comment.
ECB Rate: 12:45 (London Time)
ECB Press Conference: 13:30
'Risk-On Risk-Off' ,unlike Japanese-Yen, the EUR is only winning because of Brexit since going down with Sterling. (EUR&JPY, both funding currency, currency carry trade)
Plan A - Order Buy 1.41500
Plan B - Order Buy 1.40100
Swing Target 1.45600
This is for my trade journal only feel free to comment.
Yorum:
Brexit Risk-Off could favor new haven currency bid in EUR/GBP. If the ECB measures disappoint, further upside and a break above 0.80 is possible.
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