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Dollar still looking for a consistent trading pattern

Discussion in 'Technical Analysis' started by FXStreet_Team, Feb 25, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    On Wednesday, the USD showed again no consistent trading pattern. However, at the end of the day the changes were limited. USD/JPY was under pressure due to global risk-off sentiment . A poor US markit services PMI sent the pair to the low 111 area. However a real test of the 110.98 low didn’t occur as investors feared BOJ action. Later, USD/JPY rebounded as did oil and equities. The trading pattern of the dollar against the euro was different. The euro underperformed even as sentiment was

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