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Eurobulls Getting Anxious as Tonight's ECB Presidential Speech Approaches

Discussion in 'Technical Analysis' started by FXStreet_Team, Nov 4, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    The dollar index (DXY) is trading in the positive zone on Tuesday. At the start of trades in Europe, the euro/dollar renewed to 1.1029 and the pound/dollar made it all the way to 1.5444. Demand for the USD rose throughout the market from these levels. The eurobulls are starting to get nervous as tonight’s speech to be made by ECB president Draghi approaches. An eye was being kept on the euro/dollar as it broke through the hourly trend (from a 1.0896 minimum) and fell to 1.0971. The UK pound

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