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EURGBP DAILY CHART – BREAKOUT MODE
The key level on this chart is .8715, now needing to hold the,8620 break to expose it.
On the downside, it keeps a risk on the upside as long as it stays above .8550, stronger while above the.8585 breakout level.
Even if you don’t trade EURGBP you can use it as a clue to trade GBPUSD and EURUSD as I explain in
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‘How you Can Use Currency Crosses to Trade Spot ForexGBPUSD WEEKLY – HOW LOW CAN IT GO?
I had to go to the weekly chart to find the next key level that is not until 1.2035.
That may be a reach as it would imply a much stronger dollar but that is what this chart shows following the break of 1.2499
If trading the GBPUSD, keep an eye on EURGBO as this was the flow that sent it lower on Friday.
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.AS TRADERS, SHOULD WE WORRIED THAT WE WILL BE REPLACED BY AI AND BOTS?
THIS QUESTION IS DEALT WITH IN THIS INSIGHTFUL BLOG ARTICLE POSTED OVER THE WEEKEND.
XAUUSD 4 HIUR CHART — CONSOLIDATION OR CORRECTION?
I have asked this question before and the jury is still out although technicals are tiled towards correction as long as it stays below 2402.
With that said, the key level remains untouched at 2318. To put it at risk, a move below 2350 would be needed (the low of the day so far is at 2351).
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