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Eurobulls Set to Pass 1.0950 Resistance

Discussion in 'Technical Analysis' started by FXStreet_Team, Feb 2, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    GBP trading on Tuesday is too volatile. The pound/dollar in Asia fell to 1.4378 from a 1.4444 maximum as part of a correctional recoil on the euro/pound. After business activity indices’ reports came out for construction in the UK, the pound weakened against the dollar to 1.4325. The correction against Monday totalled 100 points or around 38.2% (Fibonacci coefficient). The pound jumped to 1.4410 (+85 points) from 1.4325. Demand for the pound was caused by Eurozone PMI deflation. The UK

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