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GBP/USD enjoys quiet trade ahead of fundamental data

Discussion in 'Technical Analysis' started by FXStreet_Team, Feb 10, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    Technical Analysis EUR/USD breaches 1.1250, sets eye on 1.1330 “The market’s current mood is sufficiently downbeat and Yellen’s language likely to be sufficiently hedged that there won’t be a steep rally in U.S. dollar.” - Westpac Banking Corp (based on Bloomberg) Pair’s Outlook Continuous worries about global economy helped the Euro in gaining more strength on Tuesday. EUR/USD penetrated the last monthly resistance line (monthly R3) at 1.1246 and closed the daily session near 1.13. Now the

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