While other EUR pairs seem unsure of their next move, the EUR/GBP continues to move lower.
It seems that most currnncy pairs are experiencing a countertrend move, which may or may not lead to a trend change. So we need to look a little deeper to find a trending move that might be worth playing.
EURO and GBP have made the swing and slide during Japanese session.After gaininhg some levels during start of European session they are expected to swing and slide- during US session they are expected to drop quickly and then gain some levels.USD/YEN is expected to make contrarian move - ie rise and drop along with EURO and GBP.
I will be presenting Today the 4th webinar in the series of ” My Trading system ” by 12;30 GMT
Regards
Dr.Sivaraam
The Asian session of trade has been rather quiet thus far with the Euro locked in a fairly tight range above 1.2700 and content on a period of consolidation as it contemplates its next move.
Student’s Question:
