EUR/USD: This market has been moving steadily in the...
The Monthly Chart is in a large Down channel and if you plot the Down Fibs then there is a Monthly D extension at 1.0000 (Parity). On the Weekly time frame there is also a down Fibonacci swing with its D extension way below parity at 0.9300. There is also a Bearish Crown with the D extension at 1.0500. As long as price remains below 1.1200 I expect price to continue bearish ...Continue Reading
Trader jargon referring to the Sterling/US Dollar exchange rate. The term originated in the mid 1800â??s, when the rate was transmitted via a transatlantic cable.