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EUR/USD Forecast: higher highs, but still subdued

Discussion in 'Forex Trading Signals & Forecasts' started by Sandra S., Apr 12, 2016.

  1. Sandra S.

    Sandra S. Forum Member

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    The EUR/USD pair soared to a fresh year high of 1.1461 at the beginning of the London session, but the rally was quickly faded as the pair failed to break above the major static resistance level. There was no catalyst behind the advance, beyond a continued improvement in market sentiment, as oil maintains its latest strength and Asian shares edged sharply higher. German latest inflation reviews matched preliminary readings, up by 0.3% in March 2016 compared to March 2015. Monthly basis,

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