See also
The currency pair crashed after failing to stay above the historical level (former high) of 1.1144. It has ignored the minor uptrend line which represented a first downside obstacle and now it has reached the uptrend line.
Technically, the uptrend line represents a downside obstacle. As long as it stays above it, the rate could jump higher again.
Dropping and stabilizing below the uptrend line activates a deeper drop. This could help the sellers to catch a downside continuation.
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*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.
The test of the 142.38 level coincided with a moment when the MACD indicator had already significantly moved below the zero mark, which limited the pair's downside potential. For this
The test of the 1.3249 price level occurred when the MACD indicator had already moved significantly above the zero line, which limited the pair's upside potential. For this reason
The test of the 1.1357 price level occurred when the MACD indicator had already dropped significantly below the zero line, which limited the pair's downside potential. For this reason
Euro and Pound Retain All Prerequisites for Further Growth The single European currency showed virtually no reaction to yesterday's meeting of European Central Bank officials, during which another interest rate
Trade analysis and trading tips for the Japanese yen The test of the 142.51 price level occurred when the MACD indicator had already moved significantly below the zero mark, which
Trade analysis and trading tips for the British pound The test of the 1.3257 price level occurred when the MACD indicator had already moved significantly below the zero mark, which
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