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Tech Targets: EUR/USD, GBP/USD, USD/JPY, AUD/USD, NZD/USD - UOB
EUR/USD: Neutral: Stabilization only if above 1.0640. EUR exceeded the ‘short-term target’ of 1.0530 yesterday with a low of 1.0520. The sharp rebound from the low coupled with oversold conditions suggest that the current pull-back (from the 1.0825/30 high two weeks ago) is trying to form a base. However, only a move back above 1.0640 would indicate that the current weakness has stabilized. Until then, another push lower to 1.0520/30 is not ruled out even though the odds for such a move have diminished considerably. GBP/USD: Neutral: Still in a range, likely within 1.2350/1.2600. [No change in view] GBP continues ... (full story)
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- Feb 16, 2017 2:58am Feb 16, 2017 2:58am
- Ghassforex
- | Joined Sep 2016 | Status: Member | 1119 Comments
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- Feb 16, 2017 4:31am Feb 16, 2017 4:31am
- Not-KPMG
- Joined Jun 2015 | Status: Member | 7592 Comments
Beware of robber banks (RB), bad advisors.
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- Feb 16, 2017 5:56am Feb 16, 2017 5:56am
- Ghassforex
- | Joined Sep 2016 | Status: Member | 1119 Comments
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- Feb 16, 2017 9:34am Feb 16, 2017 9:34am
- oyebobo
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- Feb 16, 2017 3:27pm Feb 16, 2017 3:27pm
- Not-KPMG
- Joined Jun 2015 | Status: Member | 7592 Comments
Beware of robber banks (RB), bad advisors.