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GBP/USD trades flat, attempts to prolong the rally

Discussion in 'Technical Analysis' started by FXStreet_Team, Nov 26, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
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    Technical Analysis EUR/USD touched 7-month low at 1.0565 “We expect the ECB will cut the deposit rate by more than the market expects next week. This should keep the euro a sell on rallies into the meeting and allow the euro to test $1.05 if the ECB meets our expectations.” - Royal Bank of Scotland (based on Bloomberg) Pair’s Outlook A first bunch of strong US data boosted the Dollar on Wednesday, thus sending EUR/USD down to a 7-month low of 1.0565. However, later the pair rebounded to close

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