collected by :kiven Dixter
Forex technical analysis: EURUSD remedies decrease after late keep running up. That was perfect however fell short of the September high (2017 high too) at 1.20921.
The fall has taken the value back below the 1.2042 level.
However, in addition to the breaking of the 1.2042 level, the value too cracked a trend line on the hourly chart.
On the bullish side, the value Information Systems staying above the 1.2000 standard though & looks such as it perhaps look to revisit the 1.2042 standard this day (trades at 1.2031).
Move above the 1.2042 level, & another analisis of the 2017 high at 1.2092 going to be the target.
Forex technical analysis: GBPUSD back toward 1.3532
Corrective high reaches 1.3522 very farThe GBPUSD did stall around the hundred hour MA (the low reached 1.3493) & the move higher has moved back above the broken trend line on the hourly chart.
The high has reached 1.3522, that Information Systems continue short of the 1.3532 standard I have my eye on.
That Information Systems the top high from the post-Brexit rectification back in 2016.
We trade at 1.3517.
Forex technical analysis: GBPUSD retests broken trend line, however sellers further in control
as mentioned in The move higher took out the top post Brexit high from 2016 at 1.3532 & too moved above a trend line.
The reduce trend line (rising) at 1.3508 currently & the hight hundred hour MA at 1.3500 ambit would be reduce targets on a break.
The pair has been on further of a trend reduce in trading today.
We are currently Analyzing a reduce channel trend line.
A rectification higher off support, would likely be capped with the topside trend line.