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GBP/USD struggles to retake 1.45

Discussion in 'Technical Analysis' started by FXStreet_Team, Mar 18, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
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    Technical Analysis EUR/USD risks falling from 8-month downtrend “The fact that they didn’t raise rates and wound back expectations for future increases in 2016 has obviously hurt the U.S. dollar.” - Rochford Capital Pty (based on Bloomberg) Pair’s Outlook EUR/USD rallied for a second day in a row on Thursday, owing to weaker US Dollar in the wake of dovish Fed decisions a day before. As expected, the currency pair eroded the weekly R1 and surged to the August-March downtrend at 1.1320. This

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