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GBP/USD in tight range between 1.38 and 1.40

Discussion in 'Technical Analysis' started by FXStreet_Team, Mar 1, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    Technical Analysis EUR/USD confirms uptrend to the downside “EUR/USD grinding steadily lower is a function of inflation as well as Brexit, with both likely to keep pressure on the currency”. - Jefferies Group LLC (based on Bloomberg) Pair’s Outlook Pessimistic inflation statistics from the Euro zone used to have a direct negative impact on the Euro on Monday, even though the currency attempted to remain above 1.0930 in the first part of the day. Eventually, it closed at 1.0872 and kept the

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