All of that adds to the potential technical break outlined above and could see the downside momentum gather pace in the sessions ahead.
The last time the pair really traded below the 100-week moving average was September last year but the downside was then defended by the 140.00 mark, alongside a turnaround in dollar sentiment ahead of the US elections during October trading.
This article was written by Justin Low at www.forexlive.com. Read More Details
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