Quick update on EUR/GBP trading signal – Mario Draghi speech is out!
Arslan Butt • 1 min read
Recalling FX Leaders Sep 18 – Economic Event Brief, ECB’s president Draghi was supposed to deliver a speech at French Prudential Supervision and Resolution Authority event in Paris. His speech doesn’t concern anything monetary policy related and essentially covers handling of non-performing loans, as well as the advantages of a European supervisory framework on the financial system. In case you want to read the full report, check this out on ECB’s website.
Key Trading Level: 0.8887
This hasn’t impacted our EUR/GBP signal and we are still in a good position. Recently, the EUR/GBP broke out of the asymmetric triangle pattern on the lower side, which is also a good sign for bears. The forex trading signal is in profit and heading towards our target level of 0.8869. Good luck.