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EUR/USD: A sneak peek into 2016

Discussion in 'Technical Analysis' started by FXStreet_Team, Nov 20, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    Ever since late October, it's clear that Mario Draghi is determinate to keep the EUR weaker in order to boost local growth, which means fundamentals are aligned towards a weaker EUR. Technically, and taking a look at the wider time frames, the EUR/USD pair is trading some 200 pips above its multi-year of 1.0461 posted last March, and there's a good chance that, on a bearish continuation below it, the pair will extend its decline down to 1.0206, July 2002 monthly low and the

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