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Showing posts from June, 2020

sterling falling sharply

Sterling has fallen more than 200 pips since topping the 1.28$ handle this week. The pair has fallen as low as 1.2585$ and will most probably recover from there to test 1.2660$  The pair is trading below 30 on RSI in the 1H time frame and still supported in the 30min time frame chart on the RSI level , however it is trading below 200 MA. I believe we can long the pair for 50 pips trade.it is currently trading around .12590$ , take your profit around 1.2640-60$ area.

euro will correct against dollar

Following the fed keeping rates at historical lows , the euro plummeted then reversed to a spike above 1.14$ handle and now trading at 1.1380$ . The pair has been trending higher from 1.08$ and is very bullish , however there is a sign of minor correction to 1.1340$ area followed by 1.1280$ which if broken , we might see 1.1190$ area. Follow for more forex signals to make consistent trading profits.