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GBP/USD attempts to break away from 1.53

Discussion in 'Technical Analysis' started by FXStreet_Team, Oct 12, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    Technical Analysis EUR/USD faces monthly R1 “The ECB is saying ‘we’re not putting a limit on QE, we’re not stopping until we achieve our objective.’ If they don’t do anything, the balance sheet still expands.” - Standard & Poor’s (based on Bloomberg) Pair’s Outlook The immediate resistance is at 1.14, represented by the upper Bollinger band and monthly R1. The base scenario is EUR/USD bouncing off this level, but we should not rule out a possibility of a rally to the September high,

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