The bias for the EURSGD is bearish. Over the past two weeks the price action has moved steadily lower, from 1.7650 to currently be trading around 1.7250. The shorter-term EMAs are crossed lower and diverging and the price action is below the longer-term EMA filter, which is negative. We’ve drawn in a downtrend resistance line, [...]
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EURSGD FX Pair Commentary: December 1
The bias for the EURSGD is bearish. Over the past two weeks the price action has moved steadily lower, from 1.7650 to currently be trading around 1.7250. The shorter-term EMAs are crossed lower and diverging and the price action is below the longer-term EMA filter, which is negative. We’ve drawn in a downtrend resistance line, [...]