Maybe a potential short trade for the EUR/GBP?
- BoE is bound to come with a 75 Basis point increase on the interest rate Thursday.
- England are experiencing way tougher inflation than the European regions.
- RSI are already/close to signal a overbought signal, therefore a back-trace to more normal levels would be ideal
- ADX also showing a strong upward trend, been doing so for days, but should change direction, if my guts are correct.
lets see what happens in the coming week.
- BoE is bound to come with a 75 Basis point increase on the interest rate Thursday.
- England are experiencing way tougher inflation than the European regions.
- RSI are already/close to signal a overbought signal, therefore a back-trace to more normal levels would be ideal
- ADX also showing a strong upward trend, been doing so for days, but should change direction, if my guts are correct.
lets see what happens in the coming week.