The pair dropped below the 100-Day SMA, thus confirming additional declines towards the...
The pair dropped below the 100-Day SMA, thus confirming additional declines towards the 50-Day SMA by 76.90 or the 75.50 low. However, a break back above the 100-Day SMA could trigger a rebound towards the 200-Day SMA by 79.75.
Edward Smith, technical analyst of company Admiral Markets.
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