This article offers a detailed analysis of EUR/USD and EUR/GBP, considering both fundamental and technical viewpoints ahead of the ECB decision. It also examines important price levels that may come into play next week.
We use a range of cookies to give you the best possible browsing experience. By continuing to use this website, you agree to our use of cookies.Weakening Pound Outlook | Will the Pound Fall to 118 Against the US Dollar? Get your full analysis from @nickcawley1 here: https:...decision will take center stage next week, particularly as the Federal Reserve enters its blackout period on Saturday in preparation for its November 1 announcement.
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In the event of a setback, support stretches from 0.8710 to 0.8695. While it's plausible for the exchange rate to find a foothold within this range during a pullback, a breakdown could reignite bearish momentum, paving the way for a drop towards 0.8675. Below this technical threshold, attention will be drawn to trendline support positioned around 0.8635.
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