Resurgence for the US dollar - FuturesTechs
Mar 01, 2017, 10:43 AM
Clive Lambert, Director at FuturesTechs details the technical set up on Forex majors - EUR/USD, GBP/USD and USD/JPY - which suggest the American dollar is set to regain poise.
Key points
EUR/USD - Break below 1.0527 could yield sell-off to 1.0450-1.0350
GBP/USD - Below Feb low of 1.2350, support at 1.22360, 1.2140 stands exposed. Re-test of area around 1.20 cannot be ruled out as well.
USD/JPY - Bullish above 113.78 could test 115.50-118.50.
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