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GBP/USD gravitates towards 1.42

Discussion in 'Technical Analysis' started by FXStreet_Team, Jan 26, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
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    Technical Analysis EUR/USD is back into triangle, awaits Fed “Part of the reason why it’s [Euro] outperforming today just could be the risk-off tone to the market, as the euro zone still has a wide current account surplus and there’s lots of liquidity.” - CIBC World Markets (based on Bloomberg) Pair’s Outlook Monday trading session saw inflow of funds into the Euro, as risk-aversion reversed EUR/USD back to the North. The pair is now facing an immediate resistance at 1.0849/67, namely weekly

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