2015-07-31_02-06-50eurgbp

Quite a similar chart compared to the previous eurusd chart.

Now since this pair is also trending we can easily see that the gbp and the usd are our strong pairs and the euro the weak one.

For us to have an understanding why these pairs move like this is quite simply the front running of any kind of future interest increase for the usd and gbp.

The eurozone is injecting money into its economy so the more money is available the less valuable a currency pair becomes.

Also here it would be nice to take only shorts after nice bullish retracements.

Best of PIPS.

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