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GBP/USD under the risk of falling 1.48

Discussion in 'Technical Analysis' started by FXStreet_Team, Dec 31, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    Technical Analysis EUR/USD is flat at 1.0930 before NY holidays “Some short euro positions are still being squared in the marketplace.” - Macquarie Ltd (based on Reuters) Pair’s Outlook Disappointing fundamental reports from both Europe and US resulted in no change for the EUR/USD currency pair on Wednesday. It kept hovering around the weekly pivot point at 1.0930. Besides this technical level, there is a vital demand area below the spot at 1.09. It is created by 55/20-day SMAs, weekly S1 and

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