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Another knock back in the Cable

Discussion in 'Technical Analysis' started by FXStreet_Team, Feb 23, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
    Likes Received:
    Some decent flow in the FX markets today, not least of all in Cable, where we got another knock back through 1.4100 later in the day. However, selling was accompanied by that in EUR/USD (initiated by a weak business climate index in the Feb German IFO), which despite reports of strong bids from 1.1000, managed to break the figure level, though could not push through further bids lined up through to 1.0950. EUR/GBP was held above .7800 for most of the session though, as the UK referendum nerves

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