This break was very crucial, as the pair is now trading below the 100 hourly moving average as well opening the doors for more losses moving ahead.
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There are many traders in Swiss positions who are going to be watching the … of the food chain in the forex world, and unlike the Bank of England are on the right … After that the gains may still not continue as we will be back trading …
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The greenback has surged again after brief pullback to the Tenkan-Sen, adding credence to our view that the correction from 118.98 (last week's high) …
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The British pound has fallen again after brief recovery, suggesting the fall from 1.5826 top is still in progress and may extend weakness to 1.5649 …
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