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Daily Technical Report 23 April 2018
EUR/USD is decreasing after reaching 1.24, trading below 1.23 and heading along the 1.2265 range. The pair is currently maintained between hourly support and resistance given at 1.2165 (17/01/2018 low) and 1.2506 (25/01/2018 high). The technical structure suggests short-term downward trading moves. • In the longer term, the momentum is turning largely positive. We favor a continued bullish bias. Key resistance is holding at 1.2886 (15/10/2014 high) while strong support lies at 1.1554 (08/11/2017 low). • GBP/USD is bouncing off from 1.3993 low, heading along the 1.4030 range. The pair is currently trading at ... (full story)