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Dollar still fights an uphill battle

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

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    On Tuesday, the dollar traded with a negative bias, even as risk sentiment was outright positive. Higher oil prices were a negative rather than a positive for the dollar. Poor US housing data weighed, too. EUR/USD drifted higher in the 1.13 big figure and closed the day at 1.1358 (from 1.1313 on Monday). The downside in USD/JPY is better protected, but the gains were modest given the strong equity gains. USD/JPY closed the session at 119.21 (from 108.82). Overnight , Asian equities show a

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