Forex Information
Currency trading daily update, Eur/USd, GBP/USD
EUR/USD intraday: the downside prevails.
Pivot: 1.3300.
Our Preference: SHORT positions @ 1.329 with 1.315 & 1.31 in sight.
Alternative scenario: The upside penetration of 1.33 will call for a rebound towards 1.3375 & 1.3465.
Comment: the RSI is capped by a declining trend line, the pair has broken below its previous low and remains under pressure.
Trend: ST Consolidation; [...]
currency trading daily update
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Currency technical analysis update
Market update
The EUR/USD got sold off in Asia down to the psychological support at 1.3700 but rallied all the way back to 1.3826 in London as the risk relief rally took hold. There weren’t any real positive news events that took place but since there was nothing too negative the market jumped on board.
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