The dollar managed to compose itself from a recent decline in both sentiment and price levels as the European morning approached aided by verbal support, intervention rumors and renewed debt default concerns.
Tag Archives: sentiment
Bearish Gbp/Usd
The pair went into Long mode on 16th Nov and has held that momentum read. The flows of sentiment from overbought to oversold are readable, and reliable, and are right now overbought. The price action is in a sideways channel, but the near-term trend has allowed the tests of support…