Macro Currency Strength Meter: EURGBP Brexit Bounce Back?

Updated: Jun 27


EURGBP on the Macro Currency Strength Meter start to converge

GBP (-10), EUR (-23)

The LogicStrategy™ most recent results have shown how the GBP has started to lose some strength dropping by 4 points while the EURO as started to really appreciate accelerating from -32 to -23 gaining nearly 10 points. However, both countries are still below 0 suggesting slow growth in both economies. If we see EURO breach above 0 we could start to see some LONG opportunities before Brexit.

"Germany and France have agreed a proposal for a common euro zone budget to be used to reward countries that successfully implement economic reforms and to finance strategic investments" - Reuters

The new proposal by Europe's largest economies suggest economic reform in the Euro zone hopefully stabilising the smaller EU economies.


The EURGBP is currently heavily discounted in favour of the EURO. Not only has it reached a weekly support, in the past day it has started to long from this buy zone as investors start to purchase the EURO and sell the GBP.


EURGBP 4HR

What retail traders can now look out for is the price to stall in this region before Brexit. In future LogicStrategy™ results depending on how much the GBP and EURO converge we could see a potential trade. Keep an eye out on this pair in the following month. We will update you further on the potential.

Get full access to our macro currency strength meter after completing the webinar education and performance call.


38 views

Do you want better trades?

Hey, we're Logikfx. We're determined to make consistent trading a reality for all. Get email notifications of all our up-coming trade ideas and much more. The question is, are you ready?

 LEARN TO TRADE 

 COMPANY 

Logikfx.com simplifies complex financial trading information and processes, so anyone can have complete confidence with their Forex or Stocks portfolio.

 

Learn to trade through online videos, articles, webinars, and workshops. The Logikfx Portal has everything you need to build yourself a long-term trading plan.

Recognition

Nominated as ‘Best New Forex Education & Training UK 2020’ - by Global Banking and Finance Review

Macro Currency Strength Meter ranked as 'best automation tool for retail traders' - by E-Forex Magazine

©2017 - 2020 Logik Fx Ltd

1/1

Headquarters

Logikfx

The Colmore Building, 

20 Colmore Circus Queensway, 

Birmingham 

B4 6AT 

United Kingdom

Business Hours

Mon - Fri: 8am to 11pm

Sat: 6am to 11am

Sun: Closed

Disclaimer

Trading in securities can lead to significant losses, that may exceed your initial investment. You should seek advice from a licensed professional to determine if trading is for you. Logik Fx Limited is not an investment advisor. Further, owners, employees, agents or representatives of Logik Fx Limited are not acting as investment advisors. All persons and entities (including their representatives, agents, and affiliates) contributing to the content on this website are not providing investment or legal advice. Nor are they making recommendations with respect to the advisability of investing in, purchasing or selling securities, nor are they rendering any advice on the basis of the specific investment situation of any particular person or entity.

 

All information on this website is strictly informational and is not to be construed as advocating, promoting or advertising registered or unregistered investments of any kind whatsoever. All of the information on this website is for educational purposes only and is not to be construed as investment or trading advice. ​For the full disclaimer click here.