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Dollar under growing pressure

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

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    On Tuesday, sentiment turned risk-on, at least temporary, as markets reacted in a positive way to the Chinese growth data. The turn in sentiment was again in the first place visible in equities and to a lesser extent in commodities (oil). The gains of the dollar were very modest. European data (inflation, ZEW) were ignored. Even more, later in the session, US equities couldn’t hold on to the positive moment and the dollar reversed the earlier gains . EUR/USD closed the session at 1.0903 (from

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