1. Hello Guest Do you know binary.com offers exclusive $20 No Deposit Bonus for FX Binary Point visitors? Click here to sign up

EUR/USD Analysis: Eyes rising trend line support ahead of Fed

Discussion in 'Technical Analysis' started by FXStreet_Team, Mar 15, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Joined:
    Oct 7, 2015
    Messages:
    27,524
    Likes Received:
    0
    The EUR/USD pair was rejected at rising trend line (Mar low-April low and extended) before falling below 1.1115 (50% of 1.1714-1.0517) in the NY session. Stock markets in the US were wobbly, but failed to support the funding currency EUR. Stock markets in Asia dropped and helped the EUR/USD pair re-test 1.1115 (50% of 1.1714-1.0517) levels. However, the bullish momentum was not strong enough to see the pair through 1.1115 levels. A strong US advance data coupled with stable equity markets

    Continue reading...
     

Share This Page