GBPUSD and EURUSD on weekly look very similar. This is hardly surprising as we all know by now the two are positively correlated. Price has been on a steady decline - respecting weekly diagonal resistance while consistently creating new supply zones.
Are we then going to be seeing a new weekly lower low as the dollar gains back its strength over the next few weeks?
Looking forward to seeing how today's and Friday's fundamentals expedite structure.
I must say, I have been focusing on GU a lot more than EU lately. It has been most rewarding.
All the best for FOMC today :)
Are we then going to be seeing a new weekly lower low as the dollar gains back its strength over the next few weeks?
Looking forward to seeing how today's and Friday's fundamentals expedite structure.
I must say, I have been focusing on GU a lot more than EU lately. It has been most rewarding.
All the best for FOMC today :)