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Structural change in USD vs GBP and EUR (post covid stagnation)

FX:USDOLLAR   Dow Jones FXCM Dollar Index
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USD has made a substantial "lower low" and this is matched by the EUR making a substantial "higher high".

However GBP is failing to keep pace and is not making the higher high...

USD also coming into some lows as NFP approaches tomorrow.

I anticipate USD to drive down to complete the sell-off and then we may see a bullish shift (and bearish EUR +GBP etc).

As for signals - look for daily swing lows (USD) and daily swing highs (EUR + GBP).

FX:USDOLLAR

FX_IDC:EURUSD

FX:GBPUSD

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