The EURGBP has recently tested resistance after a 250 pip advance. As the pair stalls traders can turn to DMI to find the prevailing trend.
Using DMI my preference is to look for continued strength on the EURGBP. This will continue as long asDMI + remains above DMI -. One way to trade this market bias is to look for breakouts toward higher highs. If DMI + increases in value, traders may look to employ a trending strategy as
An alternate scenario includes price moving to higher highs. If this occurs traders will be notified as theDMI - line will cross back above DMI +.
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