Last Friday, the euro led, while the yen and pound lagged, making them ideal for intraday strength-weakness pair trading. With global PMI data due tonight, EUR/GBP is bullish for the Asian session, while EUR/JPY requires caution due to Japanese market volatility.

Germany’s PMI is expected to outperform the UK’s, supporting a bullish EUR/GBP trend. However, unexpected results could trigger turbulence, though bullish trades on EUR/GBP or EUR/JPY still show strong potential.

Looking forward to seeing how tonight’s PMI data impacts the EUR/GBP pair

Dec 16 2024