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GBP/USD bulls are losing their breath

The graceful upward trajectory staged by the GBP/USD on the daily chart, finds an offsetting bearish harami, a pattern comparable to an Western inside bar.

Prices challenged the 21-period 2-standard deviation upper band by printing outside of its boundaries in the last two days. The bearish pattern also happens in the context of a 14,3,3-sensitive stochastic tracking above the 80 mark. Although this oscillator assumes that prices tend to close near their high in an upwardly trending market, it should now react with any eventual daily close near the lows.

Traders might seach for this price confirmation as well as an invalidation of the pattern in the form of a new daily high.

EUR/USD: a pinnacle week from the US side

EUR/USD is currently trading at 1.1014 with a high of 1.1018 and a low of 1.1006...The pair is mostly in a consolidative phase on a pinnacle looking week in terms of data and events...
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ECB to ease on Dec 3rd? - Deutsche Bank

Analysts at Deutsche Bank explained that the market focus has shifted to Fed and ECB policy in December. The Fed officials have sense of a mission to normalize policy and hike rates from the 0% level imposed as an emergency measure.
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