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FX Board: USD on the mat as Friday moves fail to extend

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

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    USD on the defensive ahead of key data More weakness needed to establish EURUSD rally USDCHF reversal disappointing for dollar bulls Key developments in FX today Most pairs are trading within their recent ranges, but the important development today was the USD getting thrown on the defensive again ahead of the key economic data on tap through the end of the week and after a soft ISM manufacturing survey today. EURUSD above 1.0900, for example, makes it highly uncomfortable for the bears,

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