EUR/USD Forecast: H1 ascending channel supports near-term bullish bias

Discussion in 'Forex Trading Signals & Forecasts' started by Sandra S., Apr 19, 2016.

  1. Sandra S.

    Sandra S. Forum Member

    Sep 1, 2015
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    Led by worries over major oil producers' failure to come up with an agreement on Oil production freeze during a weekend meeting, risk-off sentiment lifted perceived safe-haven currencies namely, JPY and USD during early Monday morning trade. However, as day progressed easing disappointment of the Doha meeting was offset by on news of oil workers' open-ended strike in Kuwait. The news assisted crude oil prices to trim most of its early Monday losses of over 6% and drove investors away from

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