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
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
