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GBP/USD weakens ahead of US data

Discussion in 'Technical Analysis' started by FXStreet_Team, Dec 11, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
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    Technical Analysis EUR/USD comes under 55-day SMA to expose 1.09 “The path of the euro-dollar may be the most visible influence on gold, at least until the Fed meeting.” - HSBC (based on Bloomberg) Pair’s Outlook EUR/USD traded down on Thursday, after the 200-day SMA managed to create a formidable resistance for bullish traders at 1.1031. Yesterday's session resulted in a decline below 55-day SMA, currently at 1.0972. Now we are having a closer look at the 1.09 mark, which is guarded by

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