Week ahead – EURGBP, USDCAD and parallel trades
In a week ahead I do not see any longer term charts I like. Looking little bit further into the future I like ascending trendline in EURGBP and descending trendline in USDCAD. USDCAD is signaling downtrend pressure but the 1.0050 is still looking attractive. If broken we can see re-bounce back to 1.0250. EURGBP is in my opinion wedging on the daily and this nice ascending trendline which has developed from 8219 to 8317 is looking promising. If broken with the ACU we might see retest of the lows {8220’s}.
As of my parallel trades here is the list of what-ifs from last week:
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