EURGBP gets fresh impetus; tests key resistance

Why gbp down ? Their trade balance better than before, should gbp strong now.

"I think it's all about fundamental reason...
Since Lagarde said to expect more raises of 0,50%....while analysts expect to slow down the pace from USD and GBP.
When Lagarde o someone else from BCE will make a different declaration regarding the next raises, Euro will drop like a stone too" - Vincent1

Hawkish Lagarde surprised the market last time..
Just think about this.. what happened when Fed started raising rates agressively? USD gone through the roof.. same thing happening with Euro now against some of the weaker currencies. However, due to the worries of potential recession, Euro isn't appreciating as much against safe haven currencies like USD and CHF.

Maybe 2wks to Christmas is not the best time to speculate in the financial market.since Monday i ve being experience low volatility in eurusd.

December is a 'special' month, as the reasons for price manipulations increase. For example, year end prospectuses come out for a multitude of businesses, and which places cause for the desire certain 'holdings' should go up in value. And we know the MMs movement of prices caters to 'Big Money'.

December is also 'special' in that more of its' days are otherwise sluggish, that is aside from the days the MMs choose to ramp up prices or torpedo them....because it is so easy then to do so.

And then, of course, we have all the high paid mucky mucks in Central Banks, etc......of which we cannot hold to the belief that they are honest, even if we might be persuaded that they even know what they are doing.....and yet....on their words.....there goes the market!

So, yes, a special month, which can be summed up.......

........the special people affiliated with the market get their Christmas bonuses (!), made possible by the MMs manipulating prices on their behalf (or on their own behalf) due to any freakin' excuse that becomes available.