ridethepig | EURGBP Breaking Out?
Updated
📌 ridethepig G10 FX Market Commentary 17.12.2020 - EURGBP
This line illustrates how we can attempt picking a fight with the winning side. It is a characteristic for confidence to see price getting rejected each time it dips below 0.900x, while when above, buyers have the ability to roam anywhere, they are in full control!
Here the weakness is isolated to the UK and it is worth considering to play against EUR, USD and JPY in particular. The GBP outflows is now such an abused line that we can comfortably play on various crosses at the same time.
Aiming for a test of 0.922x to be resolved initially before anything else. In order to keep maintaining the advantage, buyers should look to pick up pace on the technical break as all resistance will be damaged. UK and EU have had their say...Now it is the markets turn.
I am aiming to keep the short-term flows coming in-between the LT and MT chart updates as I know many here are not interested in macro charts being posted into the tradingview ether.
Thanks for keeping the feedback coming 👍 or 👎
This line illustrates how we can attempt picking a fight with the winning side. It is a characteristic for confidence to see price getting rejected each time it dips below 0.900x, while when above, buyers have the ability to roam anywhere, they are in full control!
Here the weakness is isolated to the UK and it is worth considering to play against EUR, USD and JPY in particular. The GBP outflows is now such an abused line that we can comfortably play on various crosses at the same time.
Aiming for a test of 0.922x to be resolved initially before anything else. In order to keep maintaining the advantage, buyers should look to pick up pace on the technical break as all resistance will be damaged. UK and EU have had their say...Now it is the markets turn.
I am aiming to keep the short-term flows coming in-between the LT and MT chart updates as I know many here are not interested in macro charts being posted into the tradingview ether.
Thanks for keeping the feedback coming 👍 or 👎
Note
...and we are breaking up...Note
Note
Cable breaking down.. 
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