The EURUSD pair kept declining in its recent intraday trading, to reach the support level of 1.1690, which was an expected target in our previous analysis, amid the dominance of bearish corrective wave on the short-term basis, with its trading alongside supportive trend line for this path, besides the continuation of the negative pressure due to its trading below EMA50, intensifying the negative pressure on the price, especially with the emergence of negative signals from the relative strength indicators, despite reaching oversold levels.
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EURCHF began receiving positive momentum in the last trading, since stochastic surpassed 50 level to keep its stability above %61.8 Fibonacci extension level at 0.9145, recording some gains by reaching 0.9215.
MoreThe EURJPY pair began providing slow negative trading, confirming its surrender to the dominance of the bearish corrective trend, to settle near 186.25 reminding you that the main stability below 187.50 barrier, due to the negative momentum of stochastic supports the chances of resuming the corrective attempts, to keep waiting for reaching 185.65, where breaking it will open the way for suffering extra losses that might extend towards 185.30 and 184.85.
MoreThe GBPJPY pair began this morning with clear negativity due to its stability below 215.70 level, to form some corrective waves by its stability near 215.20, however forming an extra support level at 214.80 makes us wait for gathering extra positive momentum, which allows it to confirm breaching the barrier, to begin targeting new positive stations that might begin at 216.40 and 217.20.
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