Weekend Analysis – EURGBP Potentially head lower to complete the ABCD Pattern
With the Brexit saga still on going. the UK is being given additional time to sort out the deal. We now have a new ECB Chairman, Christine Lagarde, at the helm.
With the Brexit saga still on going. the UK is being given additional time to sort out the deal. We now have a new ECB Chairman, Christine Lagarde, at the helm.
Halloween & the Brexit deadline came and gone and the UK is still part of the EU. Another extension allowed by the EU and the UK is looking forward to an Election.
Markets look it is taking on a Risk-Off scenario. Progress on the Trade war negotiations, good NFP data, FOMC cutting rates & Stock Indices heading higher. All good for AUDUSD.
Trade Ideas Position: USDSGD Bat by raynlim on TradingView.com Bullish Bat setup for a trading opportunity and this can attribute to the US NFP to give a final push to the entry price, the PRZ…
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