Hello Traders, I’m Mani and I’m the writer of Trade 77 section, please follow me on twitter for further updates.
EURGBP bounced off the four hour trendline and still looks bullish:
It’s clear that you should not trade GBP crosses now and it’s too risky, so wait for the news and see if BOE is going to hike the rates or not.
Technical analysis and specifically hourly chart indicating there is a good opportunity to go long but Interest rate news usually have got great impacts and your trades are likely to be stopped out with the choppy action after news coming.
I will wait for the news and see if the gates is open for bulls to come out or not and I will write about this pair soon.
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