In view of the formal Brexit and recent economic readings, the situation on the EUR/GBP pair is starting to look very interesting. Until recently, it seemed that the exchange rate would try to attack the resistance again in the region of 0.8580, but the price is turning south, setting another lower high.

You can see me trading live every day from Monday to Friday between 1 p.m. and 2 p.m. (London time). During the live sessions I make analysis and show how I trade according to my strategies, I will also answer to your questions in the chat room. All you need to watch my live sesions is enter here:

Recently, as the market has been somewhat digested Prime Minister Johnson’s harsh rhetoric in the face of negotiations on a new trade agreement with the EU, the pound has been positively influenced by a series of surprisingly strong PMI readings. Both industry, services and construction readings have been well above expectations. At the same time, data from the Eurozone were at most average. So in the chart we still have a downward trend.

In our Facebook group, which you can join anytime: you will find 5 simple strategies on which my trading is based. There, every day  we post fresh analyses of currency pairs and commodities

Error, group does not exist! Check your syntax! (ID: 3)