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EUR/USD Breaks 1.2885; GBP/USD Remains Stable Below 1.6285

Published 09/18/2014, 05:53 AM
Updated 07/09/2023, 06:31 AM

EUR/USD - European Session

EUR/USD Daily Chart

The pair broke 1.2885 and confirmed it with a daily closing below it supporting extending the negative trading, whereas the next target resides at 1.2745. The pressure of Linear Regression Indicators support the bearish expectations, as a break above 1.2885 forces us to halt the negative expectations and stand on the sidelines, whereas its possible to test 1.3040 mainly.

Support Resistance & Recommendation

GBP/USD - European Session

GBP/USD Daily Chart

GBP/USD pair remained stable below 1.6285 after attempting to breach it yesterday, keeping the downside move valid in the upcoming period targeting mainly 1.6000. Stochastic is supporting the expected bearishness, as a break above 1.6285 pushes the pair towards 1.6625 levels.

Support Resistance & Recommendation

AUD/USD - European Session

AUD/USD Hourly Chart

The AUD/USD pair managed to break 0.9000 and stabilize below it to support extending the downside move in the upcoming period targeting next 0.8880. SMA 50 and 100 are still supporting the awaited bearishness that remains valid as long as the pair is stable below 0.9095.

Support Resistance & Recommendation

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