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Forex

EURGBP Technical Outlook (Video)

HotForex | Oct. 4, 2017
EURGBP Technical Outlook (Video)

US100 and U.S. stock futures are in the red, suggesting a weak start in Europe, after modest gains yesterday. How will EURGBP behave today? Let's look into this 4 October EURGBP Technical Outlook from HotForex.

4 October, HotForex - Germany’s GER30 re-opens after yesterday’s holiday as Spain’s constitutional crisis continues and casts a shadow over the Eurozone. The data calendar includes the final reading of Eurozone services PMIs, as well as the U.K. services PMI and Eurozone retail sales. Germany sells 10-year Bunds.

EU and German Markit PMI 

The Services EU reading is seen at 55.6, and should see the composite confirmed at 56.7, while German Service PMI and Composite anticipated unchanged at 55.6 and 57.8 respectively. The UK Service is seen unchanged as well at 53.2.

4 October EURGBP Technical Outlook (Video)

GBP and EUR in play this morning, and EURGBP picked up on positive PMI numbers out of Eurozone.

Disclaimer

4 October EURGBP Technical Outlook article was written by Stuart Cowell, the  Market Analyst at HotForex. This article is provided as a general marketing communication for information purposes only. It does not constitute an independent investment research. Nothing in this communication contains an investment advice or an investment recommendation. It also does not contain a solicitation for the purpose of buying or selling of any financial instrument.

All information comes from reputable sources. Hence, any information containing an indication of past performance is not a guarantee or reliable indicator of future performance. Any investment of this nature involves a high level of risk for which the users are solely responsible and liable.

Disclaimer: The views and opinions expressed in this article are solely those of the author and do not reflect the official policy or position of AtoZ Markets.com, nor should they be attributed to AtoZMarkets.