EUR/USD: dollar sold-off as US growth decelerates

Discussion in 'Technical Analysis' started by FXStreet_Team, Feb 3, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
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    EUR/USD Current Price: 1.1110 View Live Chart for the EUR/USD The American dollar sold-off this Wednesday, as tepid US data joined forces with technical breakouts in major pairs. The greenback was already under pressure before Wall Street's opening bell, with the EUR and the JPY leading higher, amid poor stocks' performance fueling risk aversion. Mostly, investors were dumping the dollar on increasing worries about the economic slowdown seen late 2015 extending into early 2016. The release of

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