EURUSD is about to use the recent support as the closest resistance. That would be a very beautiful price action movement. The price is approaching the neckline of the huge H&S formation, where we can possibly get a bearish reversal confirming the main sell signal on this instrument, which was triggered last Thursday.
EURGBP after bouncing from the 50% Fibonacci and breaking the long-term up trendline is approaching the long-term support on the 0.875. To that place we still have 40 pips, which makes it a decent short-term trading occasion.
Silver used the 16.8$/oz again. This time as a resistance. This level is with us for few months and was already respected multiple times. This time it has a chance to start a new downswing aiming the 16.55 support.
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Technical movement on the EURUSD. 16,8$/oz on Silver strikes again
Published 10/31/2017, 10:05 AM
Technical movement on the EURUSD. 16,8$/oz on Silver strikes again
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