I said in my first EURGBP post that this pair was being capped and that something had to give
Now 30 pips lower at 1.5380 but there is good buying interest down here to 1.5370 as per my orderboard earlier
It might take something else to knock it through at the moment but keep an eye on the level of strength in the rally ( and an eye on EURGBP)
Most Popular
Sponsored
Cerebras (CBRS) IPO surges 68%, but 125x sales & 700x earnings valuation leaves no room for error.
Nvidia's earnings beat expectations, but its AI dominance outlook tests its valuation. Watch VOO & QQQ!
ENPH surges 90% but declining margins & ROIC, trading at 23.5x P/E, signal caution.
BOJ eyes June rate hike (80% chance) amid US support, but political hurdles and yen volatility remain.
Energy stocks surge on geopolitical events. CVX, ENB, COP offer scale, dividends, and long-term value despite oil price swings.
IBP stock down 15.9%, revenue growth slows. Trades at 20.8x forward P/E, analysts see little upside.
MDB's -22% drop resets valuation. Growth slows, but strong Atlas run rate & margins offer long-term value.
Sponsored
Must Read
