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EUR/USD: limited downward potential ahead of Asian opening

Discussion in 'Technical Analysis' started by FXStreet_Team, Dec 10, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    EUR/USD Current price: 1.0951 View Live Chart for the EUR/USD Majors closed mixed this Thursday against the greenback, with the EUR giving away half of its Wednesday's gains. The pair retreated from the almost 1 month high set at 1.1042, as the dollar sell-off lost steam. There were no macroeconomic news behind the intraday decline, and the latest movement seems mostly technical, with the EUR completing a well-deserved correction, ahead of the upcoming FED meeting next week. US

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