Global macro analysis for 27/03/2017:The latest meeting minutes from the Bank of England Financial Policy Committee are full of interesting statements. The BoE policy members…
Price continues to drop nicely as we remain bearish looking to sell below 1.0755 resistance (Fibonacci extension, Fibonacci retracement, horizontal resistance) for a push down to 1.0628 support (Fibonacci retracement, horizontal overlap support).
RSI (34) sees major bearish resistance vs price signalling an impending reversal is expected.
Sell below 1.0755. Stop loss at 1.0836. Take profit at 1.0628.
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