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The pair finished last week on a bearish note, dropping through 1.1240 support and touching the 50 period Exponential Moving Average. This type of movement will likely trigger an extended fall after a bullish correction.
After the failed attempt to reach 1.1340 resistance, the bears took over and managed to establish their control over the pair. If they manage to close a full candle below the 50 period Exponential Moving Average, we expect the pair to head into 1.1185 but a break of this level i…
After the failed attempt to reach 1.1340 resistance, the bears took over and managed to establish their control over the pair. If they manage to close a full candle below the 50 period Exponential Moving Average, we expect the pair to head into 1.1185 but a break of this level i…