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GBP/USD risks falling under 1.54

Discussion in 'Technical Analysis' started by FXStreet_Team, Nov 4, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
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    Technical Analysis EUR/USD sets eye on recent lows at 1.09 “If we get good numbers this week, and we get more hawkish comments, then I think the dollar will resume some of its strength.” - Mizuho Bank Ltd. (based on Bloomberg) Pair’s Outlook EUR/USD pierced through the weekly PP at 1.0998 yesterday, thus reopening the next support zone for bears. They are going to focus on the 1.09 level, which is guarded by the weekly S1 and Oct 28-29 lows. Success here will allow for a sell-off to extend

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