Here we can see that EXY touches the 50% level and fluctuates around 38.2% as well. With Brexit vote looming around the direction of EXY will heavily be influenced the news and that shall determine how the trade proceeds. EXY is gaining strength on smaller timeframes so I will be looking for a Buy stop order.
What a week!
After Trump announcement of a trade deal with China, not confirm by China scepticism started to rise and turned red with the arrest of Huawei CFO. Not a sign of warming.
Economic activity is decelerating, as shown graphically but ECRI, and simultaneously the US trade deficit with China reached a new all time high in October at 43billion.