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20 May 2015
Live: EUR/USD back to 1.1300 before resuming fall to 1.1000 – FXStreet
FXStreet (Barcelona) - Dale Pinkert in the FXStreet Live Analysis Room, discusses about the possible price action in EUR/USD and Pound ahead.
Key Quotes
“The Dollar rally is close to be completed and it's due for a pause. The Euro is ready for a recovery against the Dollar and the British Pound. After 400 pips decline from last Friday, the EUR/USD could retrace around 240 pips back above 1.1300.”
“Long story short, the EUR/USD could retrace towards 1.13 before taking out bulls under 1.1000."
“Pound bottomed on Tuesday and posted a higher low against the US Dollar. Dale doesn't like the picture in the GBP/USD and he prefers long as EUR/GBP seems to be turning at current levels.”
Key Quotes
“The Dollar rally is close to be completed and it's due for a pause. The Euro is ready for a recovery against the Dollar and the British Pound. After 400 pips decline from last Friday, the EUR/USD could retrace around 240 pips back above 1.1300.”
“Long story short, the EUR/USD could retrace towards 1.13 before taking out bulls under 1.1000."
“Pound bottomed on Tuesday and posted a higher low against the US Dollar. Dale doesn't like the picture in the GBP/USD and he prefers long as EUR/GBP seems to be turning at current levels.”