The pair broke above the 100-Day SMA. Should it hold on its gains, the uptrend will likely continue towards the...
The pair broke above the 100-Day SMA. Should it hold on its gains, the uptrend will likely continue towards the 200-Day SMA by 1.5970 or the 1.6150 resistance. However, a break back below the 100-Day SMA could trigger a setback towards the 50-Day SMA by 1.5545, with a break below to extend losses towards the 1.5230 low.
Edward Smith, technical analyst of company Admiral Markets.
At any use of the analytical material taken from a site of company Admiral Markets, and the secondary publication on any other resources, the rights to intellectual property for a dealing centre «Admiral Markets», the reference to a company site is obligatory.
