Technical Analysis: Euro and Sterling


GBP-USD- Trading above its important moving aveages 
​EUR/USD- trading above its upward trend line 


GBP-USD- Trading above its important moving aveages 
The GBP-USD pair has broken its downward trend line and crossed above the 100 and 200-day moving averages on a 4-hour time frame. This confirms that the momentum is bullish and we have a bull signal. The bias will remain for more upside move as long as the price stays above both averages. The balance of power also confirms that bulls  hold most of the control

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EUR/USD- trading above its upward trend line 
The sideway move is still controlling the price when it comes to the EURO-USD pair. Yes, there is no doubt that the bulls have momentum as it is confirmed by important factors: price crossing the 100 and 200-day moving averages and it is trading above its moving averages

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