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EUR/USD Analysis: Eyes February high

Discussion in 'Technical Analysis' started by FXStreet_Team, Mar 31, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    The greenback continued its losing streak against majority of its peers on Wednesday as the dovish comments from Fed's Yellen pushed out expectations of Fed rate hike. EUR/USD rose to a high of 1.1367 before ending the day around 1.1337 levels. Greenback is having a good time today, with the pair now trading around 1.1316 levels. Technicals – strong support at 1.1293 Euro’s rise above post Fed high of 1.1342 in the NY session yesterday indicates its only a matter of time before the bird

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