As I suggested few hours ago during my daily Live Trading Room session, the While there is already a wedge, the selloff is strong enough A move lower will now give bulls a chance to push the pair higher. Below we will show the The commodity continues to face downside pressure on bearishness.

On the downside, support comes in at the 1, Currently we are at We are looking to move to the day chart top at The average daily true range ATR for the pair currently is 90 pips.

Oil Glut Still Overwhelms Market With Fear Ahead Of U. As predicted after the false breakout couple of week ago full trade idea here the rate keeps dropping lower. Now a small retracement higher is expected for a chance to scale back in the short Wednesday brings us a small correction on the USD.

The day is rather calm and the focus is shifted towards the oil and the global indexes. Cable is defending a very important support on the 1.

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The pound slid to a low of 1. USD is getting stronger and stronger, now already trading at a new high against pound.

On cable we see price that broke beneath 1. Five things the markets are talking about With the lack of fundamentals on offer this week and central banks confiding FX moves to technical range trading, investors continue to The euro continues to show little movement this week, and has inched higher in the Tuesday session.

On the release front, there are no major events in the Market Drivers June 21, UK PSNB in line Slight risk off in the markets Id system forex software Europe and Asia GBP: UK PSNB 6B vs.

The market already reached today the How would you best describe yourself?

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