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EURUSD: 1.1120 must hold the rally for 1.0800 level

Discussion in 'Technical Analysis' started by FXStreet_Team, Oct 30, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    Last FOMC meeting was a bit hawkish and now we can speculate again about rate hike in December or Q1 2016. As I previously stated I didn’t expect any hike this time. But, there is also a disagreement between FED members as we noticed that Richmond FED president – Jeffrey Lacker has been very hawkish stating that rate hike should have already been adopted. Technically the pair dropped to test 1.0900 after last FOMC meeting and we still favour short trades. Selling into rallies is an option

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