The pair trading in a bearish market after the UK election result came..
This downtrend will continue in coming weeks as the Brexit chaos will control the bearish market.
The upside momentum was still lacking as the current level is below the 100 exponential moving average and 200 Exponential moving average
1.29950 level will be critical on the next stop.. Sellers will try to maintain the ground..
We can open the short positions at 1.29950 level and the potential take profit will be 1.27650 which is nearby November month low.
Give your valuable comments regarding this chart..
This downtrend will continue in coming weeks as the Brexit chaos will control the bearish market.
The upside momentum was still lacking as the current level is below the 100 exponential moving average and 200 Exponential moving average
1.29950 level will be critical on the next stop.. Sellers will try to maintain the ground..
We can open the short positions at 1.29950 level and the potential take profit will be 1.27650 which is nearby November month low.
Give your valuable comments regarding this chart..
