GBP/USD to confirm the bearish trend

Discussion in 'Technical Analysis' started by FXStreet_Team, Jan 25, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
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    Technical Analysis EUR/USD tries to recover from 1.08 “After […] ECB, we think downside is again compelling, in particular since the ECB so quickly signalled the possibility of renewed easing.” - Goldman Sachs (based on Bloomberg) Pair’s Outlook Bears approached the market on Friday, following earlier ECB comments about possible policy changes in March. EUR/USD dipped below 55-day SMA and monthly PP to close the week just under 1.08. In the Asian session on Monday, however, it attempts to

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