The pair broke below the 200-Day SMA, thus confirming declines ahead of...
The pair broke below the 200-Day SMA, thus confirming declines ahead of the 75.55-76.00 support area over the medium-term. Any recovery should be capped by the 200-Day SMA. However, a break and consolidation back above the 200-Day SMA would trigger a bullish resumption towards the 100-Day SMA by 80.00.
Edward Smith, technical analyst of company Admiral Markets.
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