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Midday update for the GBPUSD 12-05-2021
The tight range keeps dominating the GBPUSD pair’s trades, thus, no change to the bullish trend scenario that depends on the price stability above 1.4100, while its next main target reaches 1.4238.
The expected trading range for today is between 1.4060 support and 1.4220 resistance.
The expected trend for today: Bullish
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Midday update for the EURUSD 12-05-2021
The EURUSD pair faced additional negative pressure to attack 1.2135 level, which urges caution from the upcoming trading, as the price needs to hold above this level to keep the positive scenario active for today, which its targets begin by surpassing 1.2170 to confirm rallying towards 1.2300 as a next main station.
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The GBPNZD pair started today with new positivity due to breaching 1.9433 barrier, to notice recording many targets by reaching 1.9535.
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The European index formed correctional bearish wave recently due to the lack of the positive momentum, approaching the initial support at 3870.00, noting that the moving within the bullish channel and the stability of the current support allow us to keep our bullish overview, waiting to gather the positive momentum to manage to record many positive targets, located near 4010.00 and 4120.00 levels.
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