Disliked{quote} Hi WG, I am afraid EG is still in downtrend, not sure about it, but look at GBPCHF - uptrend and now at 50% retracement {image}Ignored
I don't usually look at correlations with the pound vs swissy and the euro. Euro is oppositely correlated to the Frank and that's as far as it goes. I am afraid if I do look at others I will get myself into a flat spin.
EG is at historical levels and if 0.8300 goes it will put this pair into a whole new dimension. Not saying it won't happen and if it does it will obviously upset the apple cart.
See green highlighted area. Also lines up with my monthly 200 ma.
When it comes to GbpChf I trade what I see. If we don't get a bounce from 1.23500 I will close this trade.
Cheers.
Trade to Trade another day.
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