This is a bearish long-term view for the EUR/GBP.
Entry: 95.70 Target: 96.92
Oil and DXY (inverted) have diverged quite a bit. I'd be a seller or Oil at around $75-$78 while short the DXY at the same time.
The US Manufacturing PMI adjusted to the Dollar Index (DXY) pricing USOIL higher.
DXY (inverted) is currently pricing the USOIL @ around $30
A possible retest of the 1.20 level in the months to come
Possible short set up on this H&S breakout.
Possible reversal pattern here. Long term trade to the upside towards 0.8000
Two possibilities of breakout here from two channels,
