#TSOT - DIVERGENT Trend on CABLE v. EURO

GBPEUR Overlay

The EURUSD retracing @1.1128 has set the pace of the decline to new records for the month as the bear sentiments prevail supporting a steadier USD holding above the 95.05 levels. While CABLE's ability to sustain its directional trend with prices @1.4692 to this writing; proves well that secular forces have indeed maintained its course contrary to the USD strength.

It was fortunate of us @megatrade101 having able to identify that the GBPEUR cross rate, as an alternative currency pair to trade with would be another positive position to hold since May 11, 2016 and held over past the 18th of May to this current levels. Although, gains accumulated is already well protected against any unexpected change that may occur within its time cycle. Session pullbacks are not to be discounted at this stage even with CABLE.