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FX recap: No surprises from central banks; EUR/USD hits resistance

Discussion in 'Technical Analysis' started by FXStreet_Team, Dec 10, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    Generally speaking, the FX markets are likely to be directionless until the Federal Reserve’s much-anticipated policy meeting next Wednesday. However, some currencies like the Australian dollar, which took a boost from another surprisingly good jobs data overnight, could begin to perform better. The euro meanwhile has been dragged lower, in part because of dovish comments from a couple of the ECB staff. The slightly firmer stock markets have also caused the funding currency to weaken. But the

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