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The Majors all Point to Further Downside Moves 📉

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Hey guys,

After blogging earlier today about EUR/USD reactivating resistance and bringing shorts back into play, I wanted to expand on my midweek forex market analysis, with a look at the other two correlated majors.

First up, take a look at the Cable daily:

GBP/USD Daily

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Previous support turned resistance over and over. Quite the bearish chart.

Now take a look at the Aussie daily:

AUD/USD Daily

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Yep, more bearish price action with broken support galore and the same previous support turned resistance.

In terms of intraday trading setups, I still like the Euro setup that I’ve linked to in the first paragraph.

Down the hump we go!

✌🏻.




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The Majors all Point to Further Downside Moves 📉 was published on and last updated on 27 Jun 2018.