EUR: - Recent economic data has been bullish, driving the euro up
GBP: - Raised taxes - bearish in the short-term for the pound - Recent bearish economic data
Technical & Other
Expectations - after such a runup, the technical area is good for taking profits, especially before NFP on the same day and the US Elections next week.
Setup: S(B)
Setup timeframe: 1h
Trigger: 1h
Medium-term: Up
Long-term: Down
Min target: 50% of the upward move
Stop loss: 0.26%
Position size: 0.66 of the normal Risk Unit
Trading ditutup: target tercapai
It can still go lower before the Elections, after some pullback.
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