Swing trade again here. The pound has been rallying and can also see break out of resistance. This has now been tested and confirmed to be the new support. long this with a tight stop and move stop with every new swing created.
Hello everyone, Sorry for this late post we forgot to post last week in our private idea box so we posting now.
This was a very good move for us. we was expecting a slight short fall but it looked liked it never happened.
comment below if you have any comments?
If we look to the DXY idea we expect USD weakness. The DXY is made up of 58% EURO. Which is why there's a heavy correlation between the Index and the currency pair.
If we expect USD weakness we must expect EURUSD to move higher, price is currently sitting at the key support much like the DXY sitting at the $95.00 resistance level. If price holds at this key level ...