20 May 2021, 13:25 · Views 868

#OPINIONLEADER Shorts may need to see some unloading at lower levels, making bulls' job easier after that. It's possible that the drop would be smaller.

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asimiqbal008

18 Posted · 383 Followers

Forex Trader Since November 2008. I am Trading Support And Resistance. I worked really hard to do so. Now I am capable to trade in any markets.

EURCHF. Shorts.

asimiqbal008

#OPINIONLEADER# In the short term, the EUR/USD pair is trading around 1.2210, which is slightly bullish. Limited amounts are evident throughout the board, implying no activity for the remainder of the day unless government bond yields move dramatically. The pair is progressing above a flat 20 SMA on the 4-hour map, while the longer ones retain their bullish slopes below it.

asimiqbal008

GBPUSD. May come here.

asimiqbal008

#OPINIONLEADER# Technically, any significant drop below the 1.4100 level is likely to find solid support near the 1.4050 horizontal zone. If there is a follow-through selling, the pair could be dragged ever closer to the psychological level of 1.4000.

asimiqbal008

#OPINIONLEADER# #cryptocurrency# #Bitcoin# There were a variety of factors that contributed to yesterday's drop in stock markets, the most prominent of which appeared to be worries about Chinese regulators taking a more activist approach to Cryptocurrencies and commodity prices, which resulted in significant declines in both.

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