IanColeman

01:07

IanColeman

Using correlation betwen DXY and EURUSD, I see further upside pressure in the EURUSD before sellers return.

IanColeman

DXY is in a downward cycyle. This is correlationg to other FX pairs such as EURUSD and GBPUSD (DXY down GBPUSD and EURUSD up). 100.90-70 prime support (long opportunity)

IanColeman

The EURO basket hit resistance (Bat formation) while EUR/USD hit my bespoke resistance at 1.1278. The USD basket looks to have completed 5 bearish waves so banking on an upward correction soon (in the USD). Already taken some off but looking to 1.1190 for the balance

IanColeman

GBPUSD – The worm has turned There has been no good news for GBP this morning with Brexit negotiations dragging on into this week. There is a glimmer of hope that there may be a deal on the fishing dispute before the end of the day, but I think that will give little respite to the GBPUSD selloff This pair has had a ‘double whammy’ effect with the USD being bought...