Cable a Cleaner Shirt in the Dirty USD Laundry?
While EUR/USD continues to battle it out at 1.0500 as it has for a couple of months now, GBP/USD ran up to a fresh two-month-high last week. This could make the pair as possibly more attractive for USD-weakness scenarios given that continued build of higher-highs and lows on the four-hour chart.
Price is nearing a support level at the Fibonacci retracement plotted at 1.2619, but realistically bulls just need to hold lows above 1.2563 to retain the sequence of higher-highs and lows. For next resistance overhead, there are Fibonacci levels at 1.2758 and then 1.2811, with that latter price setting the high in December before a strong reversal took over. - js
Price is nearing a support level at the Fibonacci retracement plotted at 1.2619, but realistically bulls just need to hold lows above 1.2563 to retain the sequence of higher-highs and lows. For next resistance overhead, there are Fibonacci levels at 1.2758 and then 1.2811, with that latter price setting the high in December before a strong reversal took over. - js
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Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.