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GBP/USD takes another shot at 55-day SMA

Discussion in 'Technical Analysis' started by FXStreet_Team, Mar 29, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    Technical Analysis EUR/USD takes a break near 1.12 “Markets are wary that Yellen will reaffirm the cautious FOMC statement, undermining dollar-specific optimism.” - ANZ Bank New Zealand (based on Bloomberg) Pair’s Outlook Weak US personal spending data helped the EUR/USD cross to add value on Monday, as it closed below 1.12 after testing the 23.6% Fibonacci retracement of the March 2016 uptrend at 1.1220. The cap is being provided by the weekly pivot point at 1.1197, but bullish daily and

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