EURGBP - FUNDAMENTAL AND TECHNICAL VIEW⛔️ EUR - There is a SPEAK of ECB PRESIDENT this week. CPI FLASH DATA will also be released. It is important for us to provide FOCUS for GBP. The EUR STRENGTH is determined by the DOLLAR STRENGTH and the MARKET SENTIMENT. There was also a very important story for GBP yesterday. But it could not make such an impact.
⛔️ EUR FEATURE currently stands at 1.1023 LEVEL. It rests on DYNAMIC S / R LEVELS. Also the GBP FEATURE stays at 1.3093 LEVEL. The EURGBP PRICE is priced above the DYNAMIC S / R LEVELS. Therefore, the PRICE can be slightly UP in the form of a STRUCTURE. Before that a RETRACEMENT can come to DYNAMIC S / R LEVELS.
⛔️ Currently the OVERALL MARKET is in a RISK OFF condition. But in the future most likely the MARKET RISK will be ON at the LONDON SESSION.
⛔️ EURGBP PRICE can PULLBACK and DOWN until it is slightly higher than DYNAMIC LEVELS.
⛔️ EURGBP PRICE can be UP to 0.8458 LEVEL before DOWN. Then it can be DOWN to 0.8303 LEVEL. The PRICE will move according to this week's ECONOMIC INDICATOR DATA and MARKET SENTIMENT.
