Hello,
I usually post @ Cable upDate thread 90% of the time but since I trade 8 diference pairs including this one, I found a pattern in EUR/USD called Bump-and-Run Reversal(BARR) and it is in progress right now.
With a break out of the Double Top @ 4H TF (chart bellow) the BARR is very posibble. I think that the EUR economic is getting in bad shape and for the rest of this year the down trend will dominate.
Since EUR and GBP are cousins, Here is a 4H TF GBP/USD chart very similar break out as EUR/USD. ---> #81228
My personal opinion is the both are going down.
I usually post @ Cable upDate thread 90% of the time but since I trade 8 diference pairs including this one, I found a pattern in EUR/USD called Bump-and-Run Reversal(BARR) and it is in progress right now.
With a break out of the Double Top @ 4H TF (chart bellow) the BARR is very posibble. I think that the EUR economic is getting in bad shape and for the rest of this year the down trend will dominate.
Since EUR and GBP are cousins, Here is a 4H TF GBP/USD chart very similar break out as EUR/USD. ---> #81228
My personal opinion is the both are going down.