Skip to content 
Instrument: EURGBP
Technical Analysis
Bullish Preference:
Buy position is envisaged if price trades above 0.86571 with take profit at 0.86673.
Bearish Preference:
Sell position is envisaged if price trades below 0.86457 with take profit at 0.86341.
Fundamentals:
No Major Fundamentals
Comment: Coronavirus cases have been picking up in the UK. Britain had been leading the vaccine drive among large economies and also benefited from the fruits of the effort – a quick reopening. However, the fast spread of a variant first identified in Britain has been causing an uptick. While the plans to fully reopen are still on track, the swing higher may further hobble sterling.
Coronavirus statistics continue falling across the old continent, allowing countries to reopen to travel except flying above Belarus. The return of British tourists to Spain and Portugal serves as a sign of normality. EU countries have vaccinated nearly 40% of their populations with at least one dose.
Analysis: SCRUM Team
