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EURGBP D1 06 08 2020 0931

The EUR/GBP pair might fall in the near term, based on our technical and fundamental analysis. The RSI indicator may soon fall below 50 on the daily chart. Moreover, a falling MACD indicates a downward price trend on the daily chart. The price is already below EMA 100 on the daily chart, and it may fall below EMA 20 and EMA 50. According to the weekly chart, the Stochastic oscillator indicates a retracement to falling mode.

The most important data of this week:
June 10
Eurozone GDP QoQ (-3.8% expectation); (0.1% previous)
YoY (-3.2% expectation); (1% previous)
June 12
UK GDP QoQ (-10% expectation); (-2% previous)
YoY (-22% expectation); (-5.7% previous)
France inflation YoY (0.2% expectation); (0.3% previous)
Spain inflation YoY (-0.9% expectation); ( -0.7% previous)

EURGBP W1 06 08 2020 0929

 

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