Another leg lower for EURUSD on central bank divergence

Discussion in 'Technical Analysis' started by FXStreet_Team, Nov 20, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
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    Another week in FX has seen EUR/USD – the primary focus – taking another leg lower as central bank policy divergence points only one way for the lead pairing. Soon after the last ECB meeting, the market was already talking on parity, but along with the speed of losses seen, the emergence of exotic out-strikes at 1.0600 and 1.0500 (much larger) have contained the rot for now. 1.0617 is the latest multi-month low recorded on Thursday, but many expect an eventual push through the 1.0456 low seen

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