EUR/USD: This market has been moving steadily in the...
The monthly probability is bearish as price is in a large Bearish channel. As long as price remains below the monthly pivot/psychological resistance at 1.1200 I shall deem the probability Bearish. The weekly probability is Bearish too as there is a Bearish crown and a down Fibonacci swing. Next pivotal support is at 1.0500. Even though the monthly and weekly probabilities a ...Continue Reading
An exchange rate between two currencies. The cross rate is said to be non-standard in the country where the currency pair is quoted. For example, in the US, a GBP/CHF quote would be considered a non-standard rate; whereas in the UK or Switzerland, GBP/CHF would be one of the primary currency pairs traded.