GBP/USD poised for more weakness

Discussion in 'Technical Analysis' started by FXStreet_Team, Feb 25, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
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    Technical Analysis EUR/USD enclosed between 1.1050 and 1.0950 “The EU referendum is skewing the euro picture toward caution and prudence.” - Roberto Mialich, UniCredit SpA (based on Bloomberg) Pair’s Outlook The pair stalled after it had broken through the 200-day moving average. From above the fluctuations are now limited by 1.1050, while any attempts of the bears to push the price lower are to be prevented by a dense demand area at 1.0970/50, which consists of the up-trend, monthly R1, and

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