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EURUSD down

EUR USDKey support placed at 1.1880The Euro posted modest gains against the US Dollar in Friday’s session, as inflation data in the Eurozone came in line with market expectations for the month of May. As of now, the pair is trading with a slightly bearish tone on the 1H chart, indicating at the negative momentum in the near term. Moreover, the MACD indicator has recently witnessed a signal line crossover from above, suggesting at possible correction in the coming session. Immediate near-term sup…
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GBPUSD DOWN TREND

GBP USDNagitive if breaks above 1.2940The Pound traded higher for the second successive session in the last session to close at 1.3130 after making a high at 1.2805. Currently, the pair is trading with a bullish showing on the 1H chart, ahead of the formal start of Brexit negotiation that is set to kick start today. Also, the MACD indicator is trading in the positive territory, hinting at the presence of bullish momentum in the coming session. Key near term resistance to be watched is positioned…
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AUDUSD DOWN TREND

Nagitive if breaks above 0.78The Pound traded higher for the second successive session in the last session to close at 0.8010 after making a high at 0.8065. Currently, the pair is trading with a bullish showing on the 1H chart, ahead of the formal start of Brexit negotiation that is set to kick start today. Also, the MACD indicator is trading in the positive territory, hinting at the presence of bullish momentum in the coming session. Key near term resistance to be watched is positioned at the 0…
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