I also see euro continuing bear while pound has entered correction to upmove next two days before it resumes bear. Gold looks bearish too
Long USD from slightly lower levels here. Tough decision on Euro earlier, which I decided not to take. Still think it's going lower, as well as usdjpy higher, but I missed a good exit during London am. So, is it done for the day or not?
I feel like I should just come back in two days with this position. Short Euro, short Aussie, long usdjpy.
I notice that the Aussie seems to move first. If the Euro is going down but the Aussie is lagging, the move doesn't seem to have any power. But once the Aussie, Nzd break, then you get some momentum. Just a general thing, perhaps my imagination.
I expect the pound to drop below 1.31 by the end of euro session There is a key support at 1.3094ish but the weekly and monthly support is at 1.27~8ish. I am holding a short at 1.3175 GL Swim