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EUR/GBP decline slows

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

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    USD rally taking a breather On Thursday, the dollar lost a bit of momentum in the wake of Wednesday’s Fed Minutes. The Fed is ready to raise interest rates in December, but added that the interest rate cycle will be very gradually. This assessment slows the rally of the dollar. At the same time, the ECB minutes didn’t bring any additional information on potential ECB action. EUR/USD rebounded north of 1.07 and closed the session at 1.0734 (from 1.0660 on Wednesday). USD/JPY ceded some ground

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