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EUR/GBP extends decline

Discussion in 'Technical Analysis' started by FXStreet_Team, Oct 29, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    Dollar propelled by hawkish Fed statement Yesterday, investors initially were apparently covering positions against a potentially soft Fed statement. USD/JPY didn’t go anywhere even as European and US equities traded with a positive bias. EUR/USD was squeezed higher away from the recent lows and traded the 1.1080 area just before the Fed policy announcement. The Fed policy statement was more hawkish than expected. The Fed kept the door open for a December lift-off and wasn’t too worried about

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