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EUR/USD
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High
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EUR/USD Forecast: Euro Soars Past 200-DMA on EU Recovery Fund
2020-05-28 21:30:00
US Recession Watch, May 2020 - US Yield Curve Hides the Truth
2020-05-28 14:00:00
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Crude Oil Prices Struggle Despite Market Cheer, Gold Aims Lower
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Dow Rallies as Nasdaq 100 Drops - Swapping Trends or Topping Out?
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Gold Price Outlook: XAU Overbought as Cycles Drive the Bullish Trend
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US Recession Watch, May 2020 - US Yield Curve Hides the Truth
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2020-05-28 08:00:00
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2020-05-28 14:00:00
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2020-05-27 06:30:00
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GBP/USD Classical Technical Report 05.18

GBP/USD Classical Technical Report 05.18

2012-05-18 06:35:00
Joel Kruger, Technical Strategist
Share:
daily_classical_cable_body_gbp.png, GBP/USD Classical Technical Report 05.18

GBP/USD:The market remains under intense pressure since breaking back below 1.6000 and setbacks could now extend towards next key support in he 1.5600 area over the coming sessions. Still, daily studies are now stretched and we would prefer looking to sell into rallies towards 1.5900 where a fresh lower top is sought out.

--- Written by Joel Kruger, Technical Currency Strategist

To contact Joel Kruger, email jskruger@dailyfx.com. Follow me on Twitter @JoelKruger

To be added to Joel Kruger’s distribution list, send an email with subject line “Distribution List” to jskruger@dailyfx.com

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.

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