GBPAUD pair is now breaking out of a projected bullish abcde running triangle pattern. And, because of a break out of a triangle, it means it’s breaking ouf wave (b) into a wave (c) of a corrective recovery, but there can be still space up to around 1,97 area before it finds the resistance. GBPAUD […]
Markets Second tier US economic data outgunned yesterday’s ECB meeting. Strong retail sales, lower-than-expected weekly jobless claims and a sharp rebound in the Philly Fed business outlook sparked a test of the 4% barrier by the US 2-yr yield (+3.3 bps in the close) but it’ll take more for this psychologically important level to break. […]
The post Consensus-Beating UK Retail Sales Triggers a EUR/GBP Break Lower appeared first on Action Forex.
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