Talking Points: EUR/GBP Technical Strategy: FlatSupport: 0.7917, 0.7887, 0.7849Resistance: 0.7947, 0.7985, 0.8030 The Euro has launched a brisk recovery against the British Pound, rising to the highest level in a month. Near-term resistance is at 0.7947, the 61.8% Fibonacci retracement, with a break above that on a daily closing basis exposing the 76.4% level at 0.7985. Alternatively, a turn back below the 50% Fib at 0.7917 opens the door for a challenge of the ...
Dollar Forecasts for 2014 and 2015: EURUSD And GBPUSD Exchange Rate Falls Predicted The US dollar (USD) is forecast to retain a solid footing through the remainder of 2014 and into 2015 suggest the majority of analysts we follow. The 2014 dollar rally had long been predicted, however a poor winter in the United States saw the currency falter in the first half of the year putting paid to these predictions. After a decent summer of gains we ask ...
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