Breakout of the rising trendline + Treasury closed above 1.7%
Looks like our good old dollar is on the rise and since FED are unwilling to do anything about rising yields, we have a bearish week for the cable. Also vaccine pressure and delays will cause the market to go risk off.
The pair closed below a very important level 1.39 which will signal the drop to 1.38 or maybe even 1.36 if the yields reach important 1.9% level.
What are your thoughts on this pair?
The pair closed below a very important level 1.39 which will signal the drop to 1.38 or maybe even 1.36 if the yields reach important 1.9% level.
What are your thoughts on this pair?