EUR/USD: dollar takes a breath on positive data

Discussion in 'Technical Analysis' started by FXStreet_Team, Oct 15, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
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    EUR/USD Current price: 1.1407 View Live Chart for the EUR/USD The American dollar trades lower against most of its major rivals, exception may by the EUR that fell to a daily low of 1.1424 on speculation the ECB may extend its QE program in its economic policy meeting next week, after ECB's Nowotny said additional measures need to be taken to reach the 2.0% inflation target. The pair bounced some after posting the low, but selling interest capped the upside around 1.1460, with the pair holding

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