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EUR/USD falls to 1.1260 after bearish rally

Discussion in 'Technical Analysis' started by FXStreet_Team, Apr 14, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    Technical Analysis EUR/USD falls to 1.1260 after bearish rally “[The Fed] giving up could trigger sharp market moves in our view, close to the dollar’s move after the Fed announced QE tapering.” - Bank of America Merrill Lynch (based on MarketWatch) Pair’s Outlook US fundamentals used to have little influence on the Dollar, because this currency continued to advance at the fastest daily pace since January. EUR/USD sank 112 pips and put an end to the eight-day long sideways development. It

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