Quick update on EUR/GBP trading signal – Mario Draghi speech is out!

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...


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.

Support Resistance
0.887 0.89
0.8858 0.8917
0.8828 0.8946
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.

ABOUT THE AUTHOR See More
Arslan Butt
Index & Commodity Analyst
Arslan Butt serves as the Lead Commodities and Indices Analyst, bringing a wealth of expertise to the field. With an MBA in Behavioral Finance and active progress towards a Ph.D., Arslan possesses a deep understanding of market dynamics.His professional journey includes a significant role as a senior analyst at a leading brokerage firm, complementing his extensive experience as a market analyst and day trader. Adept in educating others, Arslan has a commendable track record as an instructor and public speaker.His incisive analyses, particularly within the realms of cryptocurrency and forex markets, are showcased across esteemed financial publications such as ForexCrunch, InsideBitcoins, and EconomyWatch, solidifying his reputation in the financial community.

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