The
EURUSD
is on a strong downward trend. It has not yet broken the last low, as can be seen in the picture. However, its partner pair the
GBPUSD
has already broken through the last low. These are strong signs that there is a change of character. Unfortunately, the set up for our trade is no longer fulfilled and we have to wait for the next one, but that's life. Stay tuned and DM for further explanations.