EURUSD reversed
sharply lower yesterday from 1.3200, clearly in impulsive fashion beneath
rising trend-line from 1.2745 and as well as wave B) swing low. This is a very
clear bearish price action that should send prices even lower in minimum three
waves, possibly to 1.2900/1.2950 in the next few trading days. Meanwhile pair
must not get back above 1.3200 critical level but could see a pull-back to
1.3110 where broken trend-line may become a resistance.
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USDCHF Technical Analysis - Sell at 0.9955
USDCHF made a nice bull move from 0.9716 to 0.9990. Then USDCHF drops from over bought zone. USDCHF is trading below its 20 period MA on 4h ...
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Pivot: 78.65. Our Preference: LONG positions above 78.65 with 79.05 & 79.15 in sight. Alternative scenario: The downside penetratio...
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Pivot: 78.5 Our preference: short positions below 78.5 with targets & 78 & 77.6 in extension. Alternative scenario: Above 78.5 ...
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Pivot: 0.96. Our Preference: SHORT positions below 0.957 with 0.952 & 0.95 in sight. Alternative scenario: The upside penetration o...
