This was pre-recorded a few days ago, before Sundays opening but unfortunately all my work got deleted!
I want to give you all a bit extra with this weeks analysis by not only sharing how last weeks price traded but also what I expect going forward this week and the intraday time frames; 1h, 15m.
I want to give you all a bit extra with this weeks analysis by not only sharing how last weeks price traded but also what I expect going forward this week and the intraday time frames; 1h, 15m.
Note
Euro has been very slow this week. The results I was expecting for GBPUSD that delivered to the tee has not been able to replicate itself with EURUSD as we have seen a lot of rangebound activity after last week Wednesdays bullish order block was tagged.The most immediate draw was 1.05127 which has been a success with Mondays price action as well as Tuesday and Wednesday. But no draw to 1.05344 yet.
GBPUSD is the front running market right now and the most important thing to consider now is Dollar Index. If we see the continuation to the downside then I can assume risk in conditions meaning it would be a lot easier for EURUSD & GBPUSD to continue to run higher.
EURUSD is also trading at a discount with EQ being @ 1.06947 as well as the weekly PD array @ 1.07182 - 1.06098 lining up perfectly.
Dollar will be the determining factor for EURUSD delivering to the upside
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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.
Related publications
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.