Got some motivation and time to post some analysis today!
I guess it’s been a while since I posted as I got busy with other things in my work life.
I’ve been watching the EUR and especially the GBP recently as it seems that they are going on the reversal from their downtrend.
If you are invested in these I think you are now in the money.
Let’s take a look at the charts.
On Friday, the EURUSD has a big move which broke out from the resistance I had drawn.
If USD continues to be weak and EUR gaining the upper strength, hopefully we can see it reach 1.26.
If you compare both EUR and GBP charts, both of them are similar although EUR seems to be stronger than GBP.
But it might change soon I feel. As GBP might give some sudden surprise…
And I’m thinking GBP might be a currency you want to be in as I think it now has a low price for entry if you look at the big picture.
Anyway, that’s all for my analysis!
Let’s see how it unfolds when the week opens!