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EUR/GBP holds near the recent highs

Discussion in 'Technical Analysis' started by FXStreet_Team, Apr 8, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    ECB comments block euro rebound Yesterday, the dollar stayed under pressure against the yen in the wake of Wednesday’s soft Fed‐minutes. The yen remains the biggest “victim’ of the overall USD setback. USD/JPY dropped temporary below the 108, but closed the session off the intraday low at 108.21, still substantially lower from Wednesday’s 109.79 close. The picture of EUR/USD was different. ECB members countered euro strength by flagging the possibility of further easing if necessary. EUR/USD

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  2. Eliza Abrams

    Eliza Abrams Well-Known Member Trader

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    I think EUR/GBP might retrace back to 0.80.
     

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