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EUR/USD: bearish pressure mounting

Discussion in 'Technical Analysis' started by FXStreet_Team, Feb 16, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    EUR/USD Current Price: 1.1134 View Live Chart for the EUR/USD The EUR/USD pair edged lower for a third day in-a-row, down as the dollar benefited by a reversal in oil's prices and fading risk appetite. During the European morning, news hit the wires announcing an agreement among Saudi Arabia, Russia and other oil producers, to freeze output at January levels. Oil was trading higher ahead of the news, but suddenly reversed course, as the announce was quite short of market's expectation which

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