The pair is still trading above the 100-Day SMA, so we look for a rebound towards the...
The pair is still trading above the 100-Day SMA, so we look for a rebound towards the 50-Day SMA by 81.50, with a break and consolidation above to confirm the uptrend towards the 84.00 level or higher ahead of the 85.50 resistance. Meanwhile, a clear break below the 100-Day SMA would extend declines towards the 200-Day SMA by 78.40.
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.