The price of EURUSD settles on sharp decline on its last intraday levels, after reaching our morning expected target at 1.1710 support, to rebounce higher in attempt to recover some of its losses, affected by negative technical formation that complete the bearish corrective trend on short-term basis (symmetrical triangle pattern), with the continuation of the negative pressure due to its trading below EMA50, intensifying the negative pressure.
Thanks for your feedback.
Coffee price kept its stability above 275.80 support until this moment, attempting to find a chance to reduce the losses, farming sideways waves by its fluctuation near 280.00 level.
MoreThe EURJPY pair surpassed the negative pressures in the last trading, to settle positively above 50%Fibonacci correction level at 183.40, which allows it to activate the bullish attempts since morning, and recording some gains by its stability near 184.80.
MoreThe GBPJPY pair ended the last negative attack by reaching 209.15 target, forming an important extra support, which pushes it to form strong bullish rebound, to approach the initial barrier at 210.45.
More