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The GBPUSD resumes the decline - Analysis - 17-08-2021
The GBPUSD pair resumes its negative trading after retesting 1.3875 level in the previous sessions, supported by the negative pressure formed by the EMA50, waiting to visit 1.3760 initially, which breaking it represents the key to extend the bearish wave towards 1.3680.
Holding below 1.3875 is important to continue the expected decline, as breaching it will stop the current negative pressure and lead the price to start recovery attempts on the intraday basis.
The expected trading range for today is between 1.3720 support and 1.3880 resistance.
The expected trend for today: Bearish
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The EURUSD declines again – Analysis - 17-08-2021
The EURUSD pair ended yesterday below 1.1780 level, starting today with slight bearish bias to move away gradually from this level, which reactivates the bearish trend scenario that moves inside the bearish channel that appears on the chart, on its way to achieve negative targets that start at 1.1700 and extend to 1.1605.
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