Forex EUR/USD Daily Video, June 23, 2021

soul rebel

Sergeant
Messages
139
Great analysis as always Sive,
what is your opinion on cable? do you see similar chance on further downward continuation - after retracement up to may be 14075/14108 area which would be same XOP action we are looking at on Eur?
thanks
Viresh
 

Sive Morten

Special Consultant to the FPA
Messages
14,858
Great analysis as always Sive,
what is your opinion on cable? do you see similar chance on further downward continuation - after retracement up to may be 14075/14108 area which would be same XOP action we are looking at on Eur?
thanks
Viresh

Hi mate, well, as this drop mostly stands due to US Dollar appreciation on a back of Fed policy - probably yes. The only nuance we have is BoE. They should act earlier than ECB. Once this happens, GBP could show better performance. So, here is also make sense to consider EUR/GBP relation. But until BoE stands flat GBP is also under pressure.
 
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