The EUR/USD pair edged higher in intraday trading after the pivotal support of $1.0820 held on, which represents the neckline of a negative technical pattern that formed in the short term, the Double Top pattern, lending the price some positive momentum which helped it pare some earlier losses, while the price also tries to vent off oversold saturation in the Stochastic as it starts to send out positive signals.
It comes after the price pierced a secondary upward trend line, trespassing with this negative move the 50-candle SMA and exposing the price to mounting pressure, with an increasing potential for the downward correctional trend to dominate upcoming trading.
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Ethereum price gained ground in intraday trading, after the pivotal support of $1960 held on, lending the price some positive momentum which could help it rebound, especially as the price moves alongside an upward correctional trend line in the short term, while buoyed by continuous trading above the 50-candle SMA.
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Bitcoinn price fell in intraday trading in an attempt to seek a bottom to boost it higher and help it gather momentum to rebound, as the price also tried to vent off overbought saturation that was apparent in the Stochastic, with success as it leaned on the support of the 50-candle SMA, amid the dominance of the upward correctional trend, with the price trading alongside the trend line.
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The EUR/USD pair gained ground in intraday trading in an attempt to recoup earlier losses today, with the price hurt by breaching the secondary upward trend line in the short term, with negative pressure due to trading below the 50-candle SMA, coupled with positive signals from the Stochastic.
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