EU - Weekly Timeframe Analysis
Updated
Contrary to GBPUSD, EURUSD ended last week with a very bearish candle, couple with relative equal lows.
A point of interest for me at the moment is the Weekly iFVG residing above to be used as resistance, especially if price does not break the nearest Weekly Lows to the left with any conviction.
Based on my bullishness on DXY, I see EURUSD digging deeper towards Sellside. Also compared to GBPUSD's Commitment of Traders report, EURUSD had a significant decrease in large spec long positions. EURGBP should be quite explosive soon.
A point of interest for me at the moment is the Weekly iFVG residing above to be used as resistance, especially if price does not break the nearest Weekly Lows to the left with any conviction.
Based on my bullishness on DXY, I see EURUSD digging deeper towards Sellside. Also compared to GBPUSD's Commitment of Traders report, EURUSD had a significant decrease in large spec long positions. EURGBP should be quite explosive soon.
Note
Still dig dig diggin'... ;)
R2F
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