The EURUSD pair keeps its previous gains, taking advantage of the dynamic support that is represented by its trading above EMA50, which provides support base that might help it to extend these gains, especially with its trading within minor bullish channel’s range that limits its pervious trading on the short-term basis, with the emergence of the positive signals from the relative strength indicators, after reaching oversold levels.
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Coffee price activated the previously suggested bearish trend by providing new negative closes below the broken support at 276.00, to form a strong barrier and form some bearish waves, approaching the initial target at 259.60.
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MoreThe EURJPY pair repeated providing strong pressure on 185.80 barrier, to find an exit for activating the bullish trend to reach 186.00 level, where providing a new bullish close above the current barrier is important to confirm its move to a new positive station, to record several gains by its rally towards 186.25 and 186.65 initially.
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