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GBP/USD: Risks skewed to the downside

Discussion in 'Technical Analysis' started by FXStreet_Team, Apr 15, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    Technical Analysis EUR/USD awaits another impetus “The dollar rally will come more from economic weakness elsewhere than the strength in the U.S. economy.” - Societe Generale (based on Bloomberg) Pair’s Outlook EUR/USD pair fluctuated with no broad changes on Thursday, similar to those the same cross had posted back before Wednesday for eight consecutive days. The exchange rate is therefore currently guided by the weekly S2 at 1.1264, but the mid-term bearish focus is keeping eye on the 1.12

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