Instrument: EURGBP
Technical Analysis
Bullish Preference:
Buy position is envisaged if price trades above 0.86270 with take profit at 0.86342.
Bearish Preference:
Sell position is envisaged if price trades below 0.86115 with take profit at 0.86046.
Fundamentals:
1:15 pm GBP BOE Gov Bailey Speaks
Comment: Europe’s vaccination campaign continues at full speed and COVID-19 cases continue falling. The Delta variant is spreading around Britain, yet it has yet to raise the number of cases in the old continent.
Prime Minister Boris Johnson has announced a four-week delay in England’s last reopening stage, to the dismay of some of the press. The PM took the decision in response to the rapid spread of the Delta COVID-19 variant, which is already causing an increase in hospitalizations.
Analysis: SCRUM Team
