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EUR/USD Forecast: fresh highs, more to come

Discussion in 'Forex Trading Signals & Forecasts' started by Sandra S., Oct 14, 2015.

  1. Sandra S.

    Sandra S. Forum Member

    Sep 1, 2015
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    Risk aversion dominated the Asian session, as Chinese inflation rose less than expected in September, whilst wholesales prices fell by 5.3%, maintaining its negative trend for almost four years. European equities opened once again lower, leading to an EUR advance. The pair reached a fresh high of 1.1427 before retreating some, but holds above the 1.1400 level, after the release of inflation readings for Spain, France and Italy, all down monthly basis. Technically, the 4 hours chart shows that

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