GBPUSD & EURUSD crack in correlation
GBPUSD and EURUSD are positively correlated and usually move in the same direction.
On the daily timeframe, GBPUSD made a lower low while EURUSD made a Low and a Higher low thus creating divergence in closely related pairs.
This crack in correlation shows that there is a high probability that EURUSD has rejected lower prices and prices will rise signifying bullish prices could be in order.
On the daily timeframe, GBPUSD made a lower low while EURUSD made a Low and a Higher low thus creating divergence in closely related pairs.
This crack in correlation shows that there is a high probability that EURUSD has rejected lower prices and prices will rise signifying bullish prices could be in order.
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.