GBPUSD & EURUSD crack in correlation
GBPUSD and EURUSD are positively correlated and usually move in the same direction.
On the daily timeframe, GBPUSD made a lower low while EURUSD made a Low and a Higher low thus creating divergence in closely related pairs.
This crack in correlation shows that there is a high probability that EURUSD has rejected lower prices and prices will rise signifying bullish prices could be in order.
On the daily timeframe, GBPUSD made a lower low while EURUSD made a Low and a Higher low thus creating divergence in closely related pairs.
This crack in correlation shows that there is a high probability that EURUSD has rejected lower prices and prices will rise signifying bullish prices could be in order.
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