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GBP/USD struggles to maintain trade above 1.42

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

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
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    Technical Analysis EUR/USD eases below 1.1220, sets eye on 1.1145 “Evans’s comments are taken hawkishly by the U.S. dollar.” - Westpac Banking Corp (based on Bloomberg) Pair’s Outlook Inside the current triangle pattern (boundaries at 1.1310 and 1.0860), EUR/USD is now descending to the South. Yesterday it slid below the weekly PP, monthly R1 and 23.6% Fibonacci retracement of this month's earlier climb. The primary target is the 38.2% retracement at 1.1145, followed by the 20-day SMA ten pips

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