EUR – BEARISH
1️⃣ Concerns about a second wave of coronavirus infections in Europe sent investors rushing for safety.
2️⃣ German business morale came in weaker than expected in September, while France’s industry morale beat forecasts.
3️⃣ The risk-off mood further fuels the US dollar’s haven demand across the board. GBP – BULLISH
1️⃣ UK Chancellor Rishi Sunak unveiled the government’s plan aiming to support the economy and protect jobs over the next six months.
2️⃣ EU’s chief Brexit negotiator, Michel Barnier in London for informal talks until Friday. =====
– We looking to short EURGBP on SBR level on H1 chart.
– EURGBP in bearish zone.