EUR/GBP Set to Tumble Lower on Dovish ECB

Frank Walbaum FX Strategies.Asia

With a positive Brexit deal now the GBP is seemingly following with tailwinds. EUR/GBP to tumble lower again especially ahead of the ECB Interest Rate meeting today. Don’t miss my free live BDSwiss webinar on this key event, you can watch me trade the monetary meeting and break down the markets in real-time. As the rate will likely stay at a negative -0.5% we will pay close attention to Lagarde's narrative during the Central bank's press conference, which is believed to set the tone for the year.

The resistance area has stayed in place and technical also point to a further weakening in the markets. We have already entered our trade long ago but it is looking great now with a target at around 0.8000.

Author

Frank Walbaum

FX Strategies.Asia

Frank has been working in the TV business for several years. Acquiring his skills in Germany’s biggest broadcasting station, he then chose to work and live in Asia, which was in 2007.

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