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EUR/GBP: Euro weakness prevails

Discussion in 'Technical Analysis' started by FXStreet_Team, Mar 1, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    Euro weakness prevails On Monday, USD trading showed a mixed picture. USD/JPY declined in Asia but stabilised in Europe as markets’ disappointment on the G20 was counter-balanced by a PBOC cut of the Reserve Requirement Ratio. Later on USD/JPY drifted again south after a poor Chicago PMI and as US equities turned again south. USD/JPY closed the day at 112.66 (114.00 on Friday). Still, the euro underperformed the dollar. The euro was sold from the start in Europe and came under further pressure

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