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GBP/USD endeavours to climb higher

Discussion in 'Technical Analysis' started by FXStreet_Team, Feb 12, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
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    Technical Analysis EUR/USD risks declining from up-trend “All the forecasts were very, very aggressively tilted toward more dollar strength, and it’s not clear at all that we’re getting that.” - OppenheimerFunds Inc. (based on Bloomberg) Pair’s Outlook EUR/USD is now placed near the upper edge of the bullish channel pattern in the daily chart. This resistance, at 1.1370, is accompanied by the weekly R1. From here a slide is possible over the next 24 hours, as the bears are watching the monthly

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