GBP/USD on the edge of breaching long-term support

Discussion in 'Technical Analysis' started by FXStreet_Team, Nov 6, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
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    Technical Analysis EUR/USD steady before US payrolls report “The market is on tenterhooks ahead of the U.S.. non-farm payrolls.” - IG Markets Ltd. (based on Bloomberg) Pair’s Outlook Thursday trading was tranquil in terms of volatility, while EUR/USD decided to wait for more pronounced fundamental impetus on Friday. At the moment it is hovering slightly below the weekly S1 at 1.09, thus supporting our medium term bearish outlook. Short traders remain focused on the 1.08 mark, where May and

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