EURGBP, D1 Technical Analysis | 14 March, 2023Bullish channel
Symmetrical triangle
High possibility to break the triangle in upside
Eurghplong
Euro could be determined by Deflation Pressure in German EconomyIn this analysis, Euro/ Sterling Pound has present a good news for the Eurozone!!!
In Daily the structure is bullsih!!!
Now, in H4 timefrmae we formed a bullish rising wedge with the objective to find up 200 pips!!!
Now, basically in H1 timeframe we hope a long entry!!!
Fundamentals Keys for Euro/Sterling Pound:
1. Euro could be undermined by deflationary pressure in Germany
2. Euro faces potential headwinds later this afternoon with the publication of Germany's latest consumder Index (CPI)
3. Septembers preliminary CPI figures are expected to show that Europe largest economy slipped back into a state of deflation, having previously stalled in August.
4. The prospect of increised deflationary pressure acrooss the Eurozone as well, with the facing its second consecutive month of deflation.
5. The European Central Bank has spent years billions of Euros in an attempt to stoke inflation across the Europe.
So guys, the impact of the Euro's currency could be this week a good opportunity to buoy Euro!!!
So, other pars correlated with Euro could be to up!!! Included this par against the Sterling Pound. As Sterling Pound has good news, that cause a more impact in the Euro than Sterling Pound becuase for the German index deflationary pressure could be to have an impact in the Eurozone's For that reaso, i will closed up my short position automatically and we hope a long entry!!!
