British Pound Breaks Out of Narrow Range, Euro Remains Little Changed
Posted 12-30-2009 at 11:27 AM by DailyFX
Tags currencies, dailyfx, eur, forex, trading
The British Pound fell to a low of 1.5857 against the greenback, with the RSI slipping into oversold territory, and the currency may continue to trend lower over the remainder of the week as price action breaks below the narrow range carried over from the previous week.
Talking Points
• Japanese Yen: Modestly Lower Across the Board
• Pound: U.K. Pledges to Support Economic Recovery
• Euro: Private Sector Loans Weaken for Third Month
• US Dollar: Chicago Purchasing Manager Index on Tap
Read more: DailyFX - British Pound Breaks Out of Narrow Range, Euro Remains Little Changed DailyFX - British Pound Breaks Out of Narrow Range, Euro Remains Little Changed
Talking Points
• Japanese Yen: Modestly Lower Across the Board
• Pound: U.K. Pledges to Support Economic Recovery
• Euro: Private Sector Loans Weaken for Third Month
• US Dollar: Chicago Purchasing Manager Index on Tap
Read more: DailyFX - British Pound Breaks Out of Narrow Range, Euro Remains Little Changed DailyFX - British Pound Breaks Out of Narrow Range, Euro Remains Little Changed
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