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Cheapening oil to pressure the Euro

Discussion in 'Technical Analysis' started by FXStreet_Team, Apr 20, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    Yesterday’s Trading: The euro/dollar broke through the 1.1340 marker due to a revival of the euro/pound cross and weak US stats. Data on construction in the US turned out worse than expected, provoking renewed speculation as to whether the Fed will decline to lift interest rates in the coming time. The euro/dollar reached 1.1384. The strengthening of the euro against the dollar stopped between the 112th and 135th degrees at the 61.8% fibo level from the downward wave with a 1.1464 maximum to

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