The pound against the dollar rebounded upwards and approached the resistance 1.1930 at the 20 moving average, also below the 50 average and the upper line of the descending channel shown in the chart.
In general, we will continue to suggest the bearish path as long as the price continues …
The EUR/USD pair achieved the equation of 1 dollar = 1 euro, which is the first time in the history of the common European currency since its inception. The pair breached the 1.0000 level yesterday, to bounce back and settle slightly near the 1.0040 level.
The price is likely to …
#NESN
The general trend is descendant. The share is traded between 365 and 135 EMA. The ascendant five-wave structure has finished breaching the inclined channel. Awesome Oscillator indicates bearish divergence, and Stochastic Oscillator signals overbought conditions.
Trading idea:
Sell when the descendant wave structure forms.
Stop-loss is over the 115.58 …
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