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EUR/USD to target 1.04 in anticipation of ECB

Discussion in 'Technical Analysis' started by FXStreet_Team, Dec 3, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    Technical Analysis EUR/USD to target 1.04 in anticipation of ECB “Euro short positions have built up to the point where there is little room left to sell into, unless the ECB comes out with action far exceeding market expectations.” - Sumitomo Mitsui Bank Ltd (based on Bloomberg) Pair’s Outlook On Wednesday EUR/USD created a long lower shadow candlestick, meaning the bears failed to preserve their advantage by day-end. Today, however, the state of affairs is estimated to change, as we have

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