Structural change in USD vs GBP and EUR (post covid stagnation)
Dow Jones FXCM Dollar IndexFXCM
Description
⋅ 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