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GBP/USD in tight range between 1.4650 and 1.48

Discussion in 'Technical Analysis' started by FXStreet_Team, Jan 5, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    Technical Analysis EUR/USD tumbled to settle near 1.0830 “Looking ahead, it should take at least until the second half of the year before German headline inflation at least crosses the 1%-threshold again.” - ING (based on WBP Online) Pair’s Outlook EUR/USD posted minor losses during the first trading day of 2016, even though daily highs and lows ranged from 1.0950 to 1.0780. Weak US production data limited that Euro's decline on Monday, and the pair managed to close above the crucial support

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