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Dollar rebounds on ECB talk and better US data

Discussion in 'Technical Analysis' started by FXStreet_Team, Oct 16, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    On Thursday, EUR/USD reversed Wednesday’s gains. The move was partly euro weakness triggered by dovish comments of ECB Nowotny. Later in the session, the dollar profited from a higher than expected US CPI & lower than expected initial claims. EUR/USD closed the session at 1.1386, down from 1.1474 on Wednesday. USD/JPY had a volatile session yesterday. The pair was hit by risk-off sentiment early in the session. A sharp decline in EUR/JPY weighed on the headline pair, too. USD/JPY dropped

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