The pound sterling dollar pair rebounded from the resistance level of 1.2495 to the downside and ended yesterday's trading below 1.2400 levels, thus it may have stopped the bullish correction and is heading towards achieving its bearish targets at the levels of 1.2300 then 1.2260.
The moving average 50 formed …
The pound sterling dollar pair rose during yesterday's session and the beginning of today's trading, and managed to break the resistance level of 1.2340, and reached the next target at the level of 1.2490.
The moving averages support the bullish movement, but we notice that the price moved away from …
The EUR/USD pair managed to break the resistance 1.0475 and reached the first target at the level of 1.0560. Therefore, it is a positive sign to end the old bearish path and start a bullish correction that may turn into a new path if trades stabilize above 1.0560, and the …
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