Better UK retail sales,BOE rate expectations has it retest the previous low,
But we’re still in my preferred range of a couple of days ago. The focus is put on May’s speech in Florence today: Will she convince the EU officials with 20B £ in her bag?
Is there a plan in regards to EU-British citizens to please the crowd or will it be wiped off the table? Next on are the German elections over the Weekend. It should be a no brainer for Angela Merkel’s victory, the question though in many people’s mind being: How high will the far right group AFD score and will it have an impact on a government composition? Angela acknowledged the threat and urged the voters to the urns to prevent to big an upwell! I repeat the levels EURGBP that I’m watching for action, which are exactly the same as a few days ago :There’s a congestion area under 0.88 and a similar one above 0.90 , within the 0.8735 (61.8%) and 0.9089 (23.6%) Fibo’s of the afore mentioned move higher.These boundaries broken will act as my stop and reverse. Inside I started to build up a small long, will add down to 0.8770 and will start to offload the position from 0.8950 and get short towards 0.9050. Happy hunting, there are opportunities waiting around every corner!
EURGBP D1 22.09.17
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