Greetings Again, Everyone!
With the U.K. Data Points in focus soon… we turn to the EUR/GBP Unit, as we see if “General Consensus”of slightly Weaker-to-Moderate Trade Balance and Production Data propels the Euro further to the .9080’s Area of Daily Dynamic Resistance in the Near-Term.
Caught in a 250-Pip Range that is “Anchored” by Static Support and Resistance Levels… Price may simply “Convert” back to Its old ways of Consolidation with slight Movement.
( Remember those Days?… When we all named this “The Watching Paint Dry” Pair?…)
While certainly those Days may be behind us… as there is significant Price Characteristics on both Sides of the Unit these Days.
Here are the Daily and Hourly Views where we may see more Upside Potential for the Euro… although The Queen is always Full of Surprises, isn’t She!
Give the Captures a Click for Commentary, and Post-Time is 7:45 GMT.
Please join me again in a few Hours for more Updates… as we see if any of the Majors are ready for significant Movements out of their Corrections!
( Here is a quick Link to the “Currency Majors Technical Perspective” Report for some further IntraDay Details… )
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