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GBP/USD on the edge of falling under 1.41

Discussion in 'Technical Analysis' started by FXStreet_Team, Feb 23, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    Technical Analysis EUR/USD closes under moving average “I’m hoping the G-20 will be a trigger for a turnaround in market sentiment.” - Ayako Sera, Sumitomo Mitsui Trust Bank Ltd. (based on Bloomberg) Pair’s Outlook The pair dipped under the 200-day SMA yesterday, which reinforces our near-term bearish outlook on the Euro. The intraday rallies are now to be contained by a new resistance level at 1.1046, while the immediate target is a cluster of supports at 1.0972/54. There, solid demand is

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