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EUR/USD breaches weekly PP to boost outlook

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

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    Technical Analysis EUR/USD breaches weekly PP to boost outlook “This [housing starts] result should take some steam out of the positive surprises that markets have gotten out of U.S. data of late and help keep the dollar on the defensive.” - Canadian Imperial Bank of Commerce (based on Bloomberg) Pair’s Outlook Even though the volume of trading for the EUR/USD cross remained broadly flat for a third day on Tuesday, it did not stop the bulls from pushing the pair up by 46 pips. The Euro

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