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GBP/USD attempts to recover from Monday's losses

Discussion in 'Technical Analysis' started by FXStreet_Team, Dec 15, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
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    Technical Analysis EUR/USD is determined to breach 200-day SMA “After the re-calibration of our instruments put in place this month by the Governing Council, we expect inflation will reach our objective without undue delay.” - Mario Draghi, ECB President (based on Bloomberg) Pair’s Outlook EUR/USD's volatility surged on Monday, despite lack of fundamental news and in anticipation of the looming Fed interest rate decision. The pair was testing the 50% Fibonacci retracement of an Oct-Nov

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