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Dollar under mild pressure across the board - FXStreet

FXStreet (Łódź) - FXStreet Chief Analyst Valeria Bednarik points out that the USD weakened somewhat following Dallas Fed president Richard Fisher's comments on CNBC that he doesn't see a reason for delaying QE end.

Key quotes

"Futures are again in the red, pointing for a negative opening."

"Technically the EUR/USD hourly chart shows price pressuring the daily high, also static Fibonacci resistance at 1.2780, as per being the 23.6% retracement of the 1.37/1.25 bearish run."

"Price stands above moving averages, while indicators had barely overcome their midlines, remaining directionless."

"In the 4 hours chart the technical picture is mixed, with a strong bearish momentum opposing a rising RSI and a bullish 20 SMA."

"Some follow through above 1.2790 should indicate further intraday gains towards 1.2845 price zone, while bears will take control only on a break below 1.2700. "

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