
If trading GBPUSD and/or EURUSD, especially the former as market has more trouble absorbing that side of the cross, don’t ignore EURGBP.
I suggest reading our blog article, Understanding Cross-Currency Flows, and then look at this EURGBP chart.
Note how selling pressure eased on GBPUSD and EURUSD lost its bid after EURGBP held a test of key .8545 resistance.
(AT 4 hour chart)
Test Plugin
Add comment