When EURGBP and GBPUSD disagree at the open
Posted: Thu Oct 29, 2026 4:59 pm
Some mornings GBPUSD rallies at 08:00 while EURGBP also rises. That means the euro is stronger than sterling, and the GBPUSD move is mostly a dollar move.
I started tracking these situations because my GBPUSD long scalps on those days often stalled.
What my notes show:
Has anyone formalised this kind of cross check? Do you use EURGBP or something like a sterling index?
I started tracking these situations because my GBPUSD long scalps on those days often stalled.
What my notes show:
- When GBPUSD rose and EURGBP fell at the open, sterling strength was broad and GBPUSD longs worked better.
- When both rose, EURUSD usually rose faster, so EURUSD was the better trade.
- When the two moves cancelled out, the session was often choppy.
Has anyone formalised this kind of cross check? Do you use EURGBP or something like a sterling index?