EUR-GBP WEEKLY ANALYSIS

TECHNICAL ANALYSIS

The 50% pull back resistance zone continues to be respected. High wicked daily candles, with lower highs confirms trend momentum to the downside. A further test of 0.8575 looks probable and then onto 0.8500.

FUNDAMENTAL ANALYSIS

Brexit extension and the possibility of a UK general election should underpin GBP strength. Soft Euro data and change at the ECB should continue to contain any Euro strength in the coming weeks.