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EUR/USD: downward correction can extend to 1.1160

Discussion in 'Technical Analysis' started by FXStreet_Team, Apr 13, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
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    EUR/USD Current Price: 1.1275 View Live Chart for the EUR/USD The EUR/USD pair plummeted to a fresh 2-week low of 1.1271, and stays nearby at the end of the day, with the dollar buoyed amid a sudden recovery in risk appetite. Chinese data released overnight lifted hopes that the economy is finally stabilizing, as exports, in USD terms, rose by 11.5% in March whilst exports fell less-than-expected, down by 7.6%, resulting in a trade surplus of $29.86B, down from $32.59B in February. Asian

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