There was a dramatic drop in volatility for EURGBP recently. Usually, it is an indication that an asset is ready to trend in a medium-term period (2+ weeks).
British pound is bullish according to COT-reports (it is accumulated by large specs) - NET position for this group sets the new high since the beginning of the year.
Price is now located on the higher band of the Envelopes, which is a decent trade location for a short position.
British pound is bullish according to COT-reports (it is accumulated by large specs) - NET position for this group sets the new high since the beginning of the year.
Price is now located on the higher band of the Envelopes, which is a decent trade location for a short position.