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EUR/USD: get ready for more action

Discussion in 'Technical Analysis' started by FXStreet_Team, Oct 24, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    EUR/USD Current price: 1.1016 View Live Chart for the EUR/USD The American dollar extended its advance further on Friday, following the PBoC decision to slash its rates again. The Chinese Central Bank decided to reduce its benchmark lending rate by 25 bps and the reserve requirements ratio for banks by 50 bps during the European morning, the sixth time since November last year the bank cuts rates. The movement seems far from enough to boost the economic recovery, given the result

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