EUR/USD: Major Convergence Of Resistance; Cable: End Of Phase?

EUR/USD briefly overshot the 1.3894 2013 high on Friday and reached the 1.3915 level before consolidating, notes Commerzbank. “It is getting ever closer to the 1.3960 50% retracement of the sell-off from the 2008 peak, though. We will need to see a close above here on a weekly basis to confirm …

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EUR/USD: Major Convergence Of Resistance; Cable: End Of Phase? – Commerzbank

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