Forex: Top FX Headlines: EUR/USD Head & Shoulders Still Valid; Asymmetric Risk for GBP/USD: 10/31/17

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Date: 2017-10-31 11:23:35

– The DXY Index held the neckline retest of its inverse head & shoulders pattern at 94.29, while EUR/USD’s retest of its head & shoulders pattern of 1.1663 held up as well.
– With a BOE rate hike nearly 100% priced=in for Thursday, the event poses asymmetric risk to the British Pound.

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