The pair is trying to hold above the 100-Day SMA. Should it succeed, the uptrend will likely continue towards the...
The pair is trying to hold above the 100-Day SMA. Should it succeed, the uptrend will likely continue towards the 200-Day SMA by 79.50. Otherwise, we could see a new drop below the 50-Day SMA towards the 75.55 low.
Edward Smith, technical analyst of company Admiral Markets.
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