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EUR/USD: dollar in trouble

Discussion in 'Technical Analysis' started by FXStreet_Team, Oct 7, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    EUR/USD Current price: 1.1252 View Live Chart for the EUR/USD The American dollar is in trouble this Wednesday, down against all of its major rivals. The common currency however, has been reluctant to extend its rally, with the EUR/USD pair having retreated from a daily high of 1.1283 amid poor German Industrial Production reading for August, down 1.2% monthly basis. The pair has bounced however from a daily low of 1.1221, but is still limited by selling interest around the daily descendant

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