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GBP/USD to take another step towards down-trend

Discussion in 'Technical Analysis' started by FXStreet_Team, Nov 10, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
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    Technical Analysis EUR/USD's gains capped by monthly S1 at 1.0768 “The dollar is pausing from its rally as markets may have raced ahead on Fed rate hike expectations for December.” - Ueda Harlow Ltd. (based on Bloomberg) Pair’s Outlook On Monday the most traded FX cross has tried to recover Friday losses, but it failed to come back at least above 1.0750. In addition to that, important bearish support was provided by the monthly S1 at 1.0768. We do not expect a rally to prolong any further in

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