EUR/USD: gains may extend this week

Discussion in 'Technical Analysis' started by FXStreet_Team, Mar 20, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
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    EUR/USD Current Price: 1.1269 View Live Chart for the EUR/USD The common currency maintained its upside momentum for third week in-a-row, rallying against the greenback up to 1.1341 on the back of a dovish FED. The US Central Bank left rates on hold, but what actually hit the greenback was that FOMC members' median projection of rates that was cut by about 50bp, leaving just two possible hikes for this year, pretty much taking out of the table any kind of announcement until September.

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