WTI – Reversion to the mean after the gap down? [Video]
Buying trade idea.

Author

Petar Jaćimović
FXCentrum
Petar Jaćimović was born on 8 July 1989 in Jagodina, Serbia.
Buying trade idea.

Author

Petar Jaćimović
FXCentrum
Petar Jaćimović was born on 8 July 1989 in Jagodina, Serbia.
GBP/USD reverses its direction and trades in the red near 1.3300 in the second half of the day on Monday after starting the week on a bullish note. Falling crude Oil prices following a pause in the Middle East conflict limits the US Dollar's gains and helps the pair hold its ground for the time being.
EUR/USD loses its bullish momentum and trades with small gains below 1.1400 in the second half of the day on Monday. Market participants remain hopeful for a de-escalation of the conflict in the Middle East following a pause in strikes but there is still uncertainty about whether the US and Iran will be able to find a diplomatic solution.