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GBPUSD has been like a rocket past months. We are now seeing a triangle getting formed. We could have two possible directions from here, since there's a battle with COT positions and retail traders are waiting to confirm if this is a retracement before continuing to the upside or, a sign of a trend reversal.
If we see a break of the triangle upwards, we might get...
We might see EUR going for a last push at the area of 1.20800 , and then get a sell positon for the Last Key Area (1.17400).
This prediction is a possibility since the charts tells us that, and ALSO, COT data have been decreasing Significantly EUR positions and the small recover of Dollar. Also massive short positions are getting added.
EURUSD small drop this week (short) between 1.21100/1.20400, then massive rally Up to (1.24000/1.24600).
This will be last move of EURUSD before 2021 arrives and starts dropping.
Previous analysis and some Index information lead me to believe that EUR will still go up against dollar this last month before the end of 2021.
Feel free to share the analysis.
According to my private data and strong previous analysis, I think that Dollar was really affected this year regarding all the events that happened. Pandemic situations, new president to White House, and other main events.
Regarding this I think we might see the price go even further down this month with a high probability of reaching a area of (DXY -...