FX markets may return their focus to Europe this week. Analysts at TD Securities think the recent pullback in EUR/GBP looks ripe for a reversal higher as a result. Key quotes “On Tuesday, finance ministers from across the euro area will meet to discuss a package to help countries hit particularly hard by the crisis. This package now looks very likely to get approval.” “With the Prime Minister now in the hospital, the market may be starting to sense a leadership vacuum is brewing on Downing Street. This could take sterling with it.” “The end-June Brexit extension deadline continues to inch closer, providing an unnecessary and unwelcome distraction at a time of national emergency.” “We have entered a long EUR/GBP position at 0.8785. Against a stop at 0.8605, we think 0.8740 should provide a primary backstop for a potential move higher this week.” FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next EUR/USD: Dropping to 1.03 this year – NBF FX Street 2 years FX markets may return their focus to Europe this week. Analysts at TD Securities think the recent pullback in EUR/GBP looks ripe for a reversal higher as a result. Key quotes “On Tuesday, finance ministers from across the euro area will meet to discuss a package to help countries hit particularly hard by the crisis. This package now looks very likely to get approval.” “With the Prime Minister now in the hospital, the market may be starting to sense a leadership vacuum is brewing on Downing Street. This could take sterling with it.” “The end-June Brexit extension deadline continues to… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
