USDCAD Trails Run… No Entry on EURGBP
Hello traders. A rare no trade day for the Pipsters. We are carrying our USDCAD trails from last week, and were busy managing those. We headed into London with interest in EURGBP. Here’s the commentary heading into London’s open. Reasons for Consideration: The world pretty much thinks the wheels have fallen off this Euro, but what we’ve learned time and time again… when it looks like it’s dead, it’s often the best time to consider entries. Both Cable and the Euro are up against it against the US Dollar, and for that reason we are addressing the EURGBP. A look at a 4h chart