GBP/USD supported by monthly PP

Discussion in 'Technical Analysis' started by FXStreet_Team, Oct 27, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
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    Technical Analysis EUR/USD comes back above monthly S1 “It seems that momentum is certainly on the side of being short the euro right now and long the dollar.” - Chapdelaine & Co (based on Bloomberg) Pair’s Outlook A bounce back took place in the one-day chart for EUR/USD. The pair climbed above 1.1050 on Monday, pricing in worse than expected US housing statistics. Still, the probability of further gains remains tepid and rallies are expected to be contained by key resistance, namely

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