GBPUSD attempted to recover some lost ground on Monday after its pullback from the 2021 descending trendline stalled near 1.2442. Despite its latest bullish efforts, the pair could not overcome its 20-day simple moving average (SMA), which has been acting as resistance over the past three days around 1.2520. Given the falling MACD and the […]
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EUR/USD’s decline continued to stall above 1.0199 fibonacci level last week. Initial bias stays neutral this week first. But outlook will remain bearish as long as 1.0435 resistance holds. Decisive break of 1.0199 will resume Read more…
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