EURGBP Intraday Retrace 13.06.2023 by BDSwiss_Academy on TradingView.com
The employment data for the UK turned out positive for the GBP.
The number of people in employment increased to a record high in the latest quarter.
The GBP appreciated greatly against the EUR today and since its already late, the end of the movement might be here.
Retracement back to the mean is expected and as depicted on the chart.
However, low activity during the American session might not be enough to push the pair upwards today. It might
take until tomorrow. Need first to make sure that this is indeed a good support level and eventually the end of the downward move.
