The pair is consolidating in a wide range of 1.2250–1.2555. Today it found support at 1.2250 amid the somewhat better UK economic statistics released today. Today, the market will be focused on Jerome Powell’s speech. If his outlook for the US economy is optimistic, and he clearly dismisses the …
The Australian dollar versus the US dollar pair is back to test the support of the main bullish channel and is still above it, noting that SMA 50 is trying to protect the suggested positive scenario in our recent reports, waiting for the resumption of the uptrend targeting mainly 0.6685 …
The euro against the dollar ended yesterday's trading above 1.0840, which stops the negative scenario suggested in our recent reports and leads the price to achieve more expected rise during the upcoming sessions, especially as the price has completed forming a double bottom model showing its features in the picture. …
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