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Notable gains for Cable and EUR/USD

Discussion in 'Technical Analysis' started by FXStreet_Team, Mar 17, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    Another day of USD selling as the aftermath of the FOMC last night continued to play through. Notable gains for Cable and EUR/USD, printing 1.1342 and 1.4500 highs high, with the GBP rate getting an added boost from EUR/GBP sales. Some of the gains were pretty erratic, with the BoE minutes (rates unchanged) reiterating the next move would likely be up, and this prompting a fresh spur for a tentative move through 1.4400, eventually taking out last Friday’s highs in the process. However, the most

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