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EUR/GBP Big Trade Orders 03.21.2016 +58
Close EUR/GBP Big Trade here at 0.7873 for +58
Order to Buy EUR/GBP at 0.7815 TRIGGERED
EUR/GBP Big Trade
Place Order to Buy EUR/GBP at 0.7815
Stop at 0.7615
Taking a look at the economic calendar, euro and sterling are the 2 primary currencies in play this week. We have the German IFO, ZEW and Eurozone PMI reports scheduled for release along with UK CPI and retail sales. Given the strong increase in factory orders and industrial production along with the ECB’s signal that they are done easing for the time being, we believe that euro will trend higher. Sterling on the other hand could be pressured not only by the impact of lower shop prices and wages in CPI and spending but also on Brexit risks. The dominant trend for EUR/GBP is also higher, supporting our fundamental bias