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EUR/USD: Dovish FOMC, as expected

Discussion in 'Technical Analysis' started by FXStreet_Team, Feb 17, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    EUR/USD Current Price: 1.1147 View Live Chart for the EUR/USD The EUR/USD pair extended its decline to 1.1105 in another lackluster journey for the common currency that traded in quite a limited range for most of the day. European stocks traded higher, putting some pressure over the common currency, whilst the US released some encouraging inflation data, as the PPI for final demand rose 0.1% in January compared to December 2015, while yearly basis declined by -0.2%, well above the -0.6%

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