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Wednesday 20 July 2016

Speculations on Fed rate increase support of the dollar

The US currency continues to strengthen its position against most opponents. Pressure from the dollar is trying to resist the pound rejoice decent data on the UK labor market.
As for the pair EUR/USD, 1.10 level yesterday withstood the pressure of "bears", and in the course of today's trading price probes the soil under the psychological mark. From a technical point of view, today's close below this strong support will once negative signal and open the way to new three week lows near 1.0970. The loss of this level promises a movement to a minimum 1.0910, formed after the British announcement of the referendum results.


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