While EUR/USD tries to brake bearish momentum its correlation partner GBP/USD continues to trade in a narrow channel. From my personal experience these two currency exchange rates like to move in tandem, and if one is moving in certain direction the other one will eventually start moving into the same direction. The question is whether EUR/USD will follow GBP/USD, or GBP/USD will follow EUR/USD. Fundamentally the background has not been changed. Technically the picture is neutral, either the bea…
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