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The USDCHF approaches the target – Analysis - 25-10-2021
The USDCHF pair resumes its negative trades to approach our waited target at 0.9140, expecting to surpass this level to open the way to achieve more negative targets that reach 0.9060.
Therefore, the bearish trend scenario will remain valid and active for the upcoming period supported by the EMA50, noting that holding below 0.9200 is important to continue the expected decline.
The expected trading range for today is between 0.9100 support and 0.9180 resistance.
The expected trend for today: Bearish
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The GBPUSD approaches the target - Analysis - 25-10-2021
The GBPUSD pair’s decline stopped at the bullish channel’s support line that appears on the chart, as it approached our waited negative target at 1.3720, to rebound bullishly and head towards resuming the main bullish trend, motivated by the positive signals provided by stochastic, waiting for more expected rise in the upcoming sessions.
MoreThe EURUSD resumes the rise – Analysis - 25-10-2021
The EURUSD pair opens today’s trading with clear positivity to reach 1.1670 level, getting continuous support by the EMA50, waiting to breach the mentioned level to confirm opening the way to achieve more gains that reach 1.1715 followed by 1.1760.
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