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FX Thoughts for the Day

Discussion in 'Technical Analysis' started by ActionForex.com, Aug 6, 2009.

  1. ActionForex.com

    ActionForex.com Content Contributor

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    Cable fell sharply breaking below 1.6900 after the BoE kept the interest rate unchanged (0.5%) and increased its assest purchase program by 50 Bln pounds to 175 Bln pounds. If it continues to trade below 1.6900 in the coming sessions a break below 1.6800 might see 1.6750-00 on the donwside....

    complete article here...
     
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