EG is showing some positive signs, and I'm optimistic that it will eventually dip down to the 0.83050 price area. Before it gets there, though, I’d would like to see it interact with the liquidity zone around the 0.83850 price zone.
It's interesting to note that this analysis is somewhat in sync with GBPUSD but in the opposite direction since these two currency pairs have a bit of a correlation. By keeping an eye on their relationship, we can really gain some helpful insights. Let's keep a close watch on EG and see if we can spot a great entry point as it moves through these important price levels!
It's interesting to note that this analysis is somewhat in sync with GBPUSD but in the opposite direction since these two currency pairs have a bit of a correlation. By keeping an eye on their relationship, we can really gain some helpful insights. Let's keep a close watch on EG and see if we can spot a great entry point as it moves through these important price levels!
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.