Originally Posted by FX Pimp

AS we have seen this morning, on the back of rumours of the liklihood of possible rate hikes in the UK sooner rather than later, we have seen GBPUSD travelling in an OPPOSITE direction to its counterpart EURUSD this morning.

This happens sometimes and when it does there is always opportunity in the cross-pair.

So if Euro is weak against Dollar and Pound is strong against Dollar, then Pound MUST be strong against Euro.
Remember the Football analogy from the second post on the thread ?

The left chart is GBPUSD, the right is EURUSD and the middle is EURGBP.

A nice little move and well worth remembering. When not looks quite right on our main stage there is always something lurking in the shadows for us.

If there's any questions about this topic then please do ask.