EUR will weaken to GBP
We are bullish on both the EURUSD and GBPUSD currency pairs.
But how will the two pairs perform in direct comparison?
The strong inverse bearish divergence in the CumulativeDelta suggests that the euro will weaken significantly against the pound.
I am not giving a price target here, as the divergence is still building.
However, it can be said that the short side is clearly to be preferred in the EURGBP.
But how will the two pairs perform in direct comparison?
The strong inverse bearish divergence in the CumulativeDelta suggests that the euro will weaken significantly against the pound.
I am not giving a price target here, as the divergence is still building.
However, it can be said that the short side is clearly to be preferred in the EURGBP.
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