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USD trading still in wait-and-see modus

Discussion in 'Technical Analysis' started by FXStreet_Team, Oct 21, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    Yesterday. the risk-on rally ran into resistance. The losses on the equity markets were modest, but enough to halt the recent rebound of the dollar against the euro The euro received also some support from an improvement in lending according to the ECB lending survey. EUR/USD ended the session slightly higher on a daily basis (1.1346 vs 1.1327 on Monday). Trading in USD/JPY was primarily order driven. The pair performed relatively well given the loss of momentum on the equity markets. It

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