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FX Analysis and Technical Outlook

Discussion in 'Technical Analysis' started by FXStreet_Team, Apr 11, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    Technical Developments EUR/USD has risen up against major resistance and could be poised for a breakout to continue its uptrend from December. GBP/USD continues to be pressured as sterling has fallen against most other major currencies, and has re-approached its recent long-term lows. USD/JPY has broken down to hit a key support target at 108.00, establishing a new 17-month low, and could see further weakness towards 105.00. EUR/USD This past week saw a prolonged consolidation for EUR/USD up

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