Have you wondered why GBPUSD and AUDUSD are dropping like flies while EURUSD is refusing to budge from its 1.30 throne?
EURGBP is currently in an up channel. Has space to probably go up until 0.81444.
EURAUD is also in an up channel, breaking the channel confinements and shooting past 78.6 from May highs.
If both start retracing now, while USD gains some strength, we should see EURUSD drop like a bomb.
EURGBP is currently in an up channel. Has space to probably go up until 0.81444.
EURAUD is also in an up channel, breaking the channel confinements and shooting past 78.6 from May highs.
If both start retracing now, while USD gains some strength, we should see EURUSD drop like a bomb.
A 1 pip gain is better than a 1 pip loss.