$EURGBP is another sign for EUR weaknes.

2020-02-12 21:39:00

$EUR is expressing weakness in few pairs and it is interesting to see how this is developing. In this particular one the $GBP is pushing down and in the past 9 years hit the weekly 450 MA() already few times. Now is approaching again where 450 MA is already 0.3360. If breaks we might witness the same penetration as 2015 and see 0.70xx area again. I will open short immediately when the price move under 0.8336 and stays there for more than two days.