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GBP/USD risks breaking the four-week bullish trend

Discussion in 'Technical Analysis' started by FXStreet_Team, Feb 16, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    Technical Analysis EUR/USD muted after Draghi's comments “Longer term we still have major concerns over China but for the moment it backstops risk sentiment and that’s negative for the yen and euro.” - Royal Bank of Canada (based on Bloomberg) Pair’s Outlook ECB President Draghi confirmed his readiness to act in March, which used to have an immediate bearish impact on the Euro vs Dollar. The pair slumped towards 1.1150, therefore closing the session almost 90 pips lower from the opening mark.

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