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    22nd February 2016 Market Outlook

    Pound Dollar – GBP/USD pullback into its 1.4360 resistance level and fell lower after price rejected it as we expected in our 18th February 2016 Market Outlook. Traders who went short as we recommended may consider continue holding onto the short position as price is likely going to continue to move lower in the coming days.

     

     

    GBPUSDrH4

     

    Euro Dollar – EUR/USD pullback into its 1.1055 support level as we expected in our 16th February 2016 Market Outlook. Price starts to show some rejections at the 1.1055 support level thus traders may consider buying into this market or wait for price to pullback even lower into its 1.1055 support level before buying for a safer entry.

    EURUSDrH4

     

    Pound Loonie – GBP/CAD fell lower after price rejected its 1.9750 resistance level as we expected in our 19th February 2016 Market Outlook. Traders who went short as we recommended may consider continue holding onto the short position as price could decline lower in the coming days.

    GBPCADrH4

    Posted on 2016-02-22 06:30:14


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