Today other currencies weakened against the U.S. DOLLAR precisely pound weakened against the DOLLAR. One reason even today the U.S. release of the Consumer Data confidance but due to the warm winter weather slowdown that occurred in the pound weakened against the British made DOLLAR currency.
By getting down its expectations of U.S. consumers, making the movement of the U.S. dollar weakened against other currencies. DOLLAR currency weakened against the Euro as news is actually released, the price of EURO currency before moving news in the lowest level of 1.3753. And so the actual news release showed a decrease to 71.2 % and bullish Euro strengthened to 1.3811 price level. EURO not be moved to the 1.3700 price level due to release CB Consumer news confidance.
When viewed from the psychological level of Fibonacci possibility for currency movements will poudsterling bearish till 1.6030 price level. And the price level 1.6030 psychological level 38.2 % Fibonacci.
