EU/UK deal provides no lasting support for sterling

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

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
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    Dollar rebound slows On Monday, EMU PMI’s were weaker than expected but had, as usual, no big impact on the euro. However, risk sentiment remained constructive and oil rebounded further. This time, it was enough to push EUR/USD below the 1.1060/70 support area. There was probably also negative fall-out from the sharp decline of sterling on the euro. EUR/USD finished the session at 1.1030 (from 1.1130 on Friday) The gains of USD/JPY remained more modest. The pair traded at 112.92 at the end of

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