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Instrument: EURGBP
Bullish Preference:
Buy position is envisaged if price trades above 0.86796 with take profit at 0.86909.
Bearish Preference:
Sell position is envisaged if price trades below 0.86599 with take profit at 0.86483.
Fundamentals:
None with High Impact
Comment:
The Euro (EUR) traded mostly bearish against the Pound Sterling on the back of a missed US Nonfarm Payrolls (NFP) report sparked risk appetite for investors heading into the eleventh hour. The back half of this week sees top-tier data for both the EU and the UK, with EU Retail Sales on Wednesday and UK Gross Domestic Product (GDP) figures on the docket for Friday.
Analysis: SCRUM Team
