The price of EURUSD declined in its last intraday trading, with the emergence of negative signals from relative strength indicators, after forming negative divergence after reaching exaggerated overbought level compared to the price move, which increases the negative pressure, especially with the continuation of its trading below EMA50, affected by breaking main bullish trend line on short-term basis.
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Coffee price continued forming strong bearish trading, affected by forming solid barrier at 330.00 level in the last trading, to notice reaching 283.00 to record the suggested targets in the previous reports.
MoreNo change on EURJPY pair’s bullish track, due to its stability above 180.80 support, attempting to record some gains by its rally towards 182.10, to provide some sideways trading due to the continuation of the main indicators’ contradiction.
MoreThe GBPJPY pair approached the previously waited main target by reaching 207.30 level which forces it to form some bullish corrective waves, affected by stochastic rally above 50 level, which allows it to recover some losses to settle near 208.15.
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