GBP/USD endeavours to climb over 1.42

Discussion in 'Technical Analysis' started by FXStreet_Team, Mar 4, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
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    Technical Analysis EUR/USD spikes back to reach 55-day SMA “People reduced expectations that the ECB is going to be so dramatic next week with their policy decision.” - BMO Capital Markets (based on Reuters) Pair’s Outlook In the run up to Friday’s US payrolls data, the EUR/USD cross skyrocketed the most since February 9 and retested the January-February uptrend line. The bulls were limited by the 55-day SMA, currently at 1.0970. This moving average is succeeded by another bunch of resistances

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