GBP/USD in limbo, awaits trade trigger

Discussion in 'Technical Analysis' started by FXStreet_Team, Oct 29, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    Technical Analysis EUR/USD loses 150 pips, touches 1.09 “The Fed language on tightening in December was a stronger indication than we’ve had from them in a long time about going soon.” - Westpac Banking Corp. (based on Bloomberg) Pair’s Outlook Yesterday markets were driven by the decision of the Fed to project a possible a rate hike in December. EUR/USD was therefore provided with substantial bearish momentum and it tumbled towards the 1.09 mark, losing 150 pips in the past 24 hours.

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