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Technical Analysis
XtreamForex Daily Technical Analysis
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[QUOTE="xtreamforex26, post: 184386, member: 59158"] [SIZE=7][B][COLOR=rgb(184, 49, 47)][B]EUR/USD Pair Underpinned As Fiscal Impasse In Washington[/B][/COLOR] [/B][/SIZE] The EUR/USD pair will be rally looks at the technical indicators that will pull back to the remain elusive as the impasse in Washington that will keep the dollar into the bulls. The EUR/USD pair is trading at the level to 1.1860 according to the press time that will represent the gain at the level with a 0.17% gain on the day. If we see the weekly chart the relative strength index is having the above 70 that will indicate the overbought market conditions for the first time in over 2.5 years. Be that as it may, slowed down coronavirus boost dealings in Washington and worrying Sino-US strains may hold the dollar under tension and confine losses in EUR/USD. Then, the US and China postponed an audit of their Phase 1 economic accord at first booked for Saturday and have not reported another date up until this point. President Trump gave a chief request on Friday forcing ByteDance, the Chinese organization behind TikTok, to auction or branch off its US online networking business in 90 days. [SIZE=6][B][COLOR=rgb(184, 49, 47)][B]GBP/USD Pair Winning the Streak Attack at 1.3100 on Print Three [/B][/COLOR][B][COLOR=rgb(184, 49, 47)]Day[/COLOR][/B][/B][/SIZE] The GBP/USD pair will go up and picks up the bid at the level near the 1.3100 up with 10% during the Monday Morning. The cable pair will stay beyond the 10-day EMA to the Third day according to the press time. According to the RSI and MACD are both against the further run-up, which thus pushes venders to search for any drawback past at the level 1.3055, involving 10-day EMA, for ways. It will be traded at the level 1.3000 and the month to month low around the level with 1.2980 can offer an extra channel toward the south, a rising pattern line from June 30, at 1.2885 presently, turns into the key help to watch. On the upside, 1.3140 and the month to month top around 1.3185 can offer close by protection from the pair in front of the March month's peak including at the level 1.3200. [URL deleted] [/QUOTE]
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