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EUR/GBP: Will .7150 support withstand the bearish tsunami?

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

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    By far the biggest FX development over the two weeks was ECB President Draghi’s unexpectedly dovish press conference, which hinted heavily at a likely expansion of the central bank’s quantitative easing (QE) program come December (see “ECB Recap: Draghi fulfills dovish fantasies, EUR/USD breaks 1.12” for more). The reverberations of this seismic shift are still echoing around the global markets, but the ongoing euro weakness appears to a theme that’s here to stay. Taking a look at EUR/GBP, the

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