It is not so much about trading the EURGBP in particular, but the more I think about this, the more I am convinced that it is going to be the dropping of GBPUSD that carries this pair to it's upside target, not the advancement of the EURUSD. (Just like what happened today, where the EURUSD was going nowhere, but because of the drop of the GBP that moves the EURGBP further up. Anyway, It hits the Upper channel (point E) so I guess it may pulls back some what to prepare for the next advance.
(This is just my own view form analyzing the market, no recommendation intended).
(This is just my own view form analyzing the market, no recommendation intended).
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.