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EUR/USD and GBP/USD Forecast

Discussion in 'Technical Analysis' started by Daily.Forex, Oct 12, 2016.

  1. Daily.Forex

    Daily.Forex Forum Member

    Sep 2, 2015
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    The Euro broke down significantly during the course of the day on Tuesday, as we have cleared all of the support that extended down to the 1.11 handle, and now are starting to head towards the 1.10 level below that. The GBP/USD pair broke down during the day on Tuesday as well, slicing through the bottom of the hammer from a couple of sessions ago, and it now looks like it’s free to go down to the 1.20 level below.

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