EURGBP: Potential Bat Setup
We have a potential bullish Bat pattern setting up on EURGBP, which is inline with the overall trend of this pair. Fundamentally, both EUR and GBP are still bearish. Going into this trade setup, we expect an improvement in market risk sentiment to strengthen the EUR.
OUR DIRECTIONAL BIAS FOR THE WEEK
- EUR bearish (fundamental of EUR is still weak) - no key risk event next week
- GBP bearish (fundamental data on GBP has been weak) - watch out for BoE Monetary Policy
For more detailed analysis, visit our blog at: fxpresearch.com/market-analysis/2016/1/31/31st-january-market-analysis
OUR DIRECTIONAL BIAS FOR THE WEEK
- EUR bearish (fundamental of EUR is still weak) - no key risk event next week
- GBP bearish (fundamental data on GBP has been weak) - watch out for BoE Monetary Policy
For more detailed analysis, visit our blog at: fxpresearch.com/market-analysis/2016/1/31/31st-january-market-analysis
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