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EUR/USD Loses 150 Pips, Touches 1.09

Discussion in 'Technical Analysis' started by Kaitlin, Oct 29, 2015.

  1. Kaitlin

    Kaitlin Forum Member

    Aug 29, 2015
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    Yesterday markets were driven by the decision of the Fed to project a possible a rate hike in December. EUR/USD was therefore provided with substantial bearish momentum and it tumbled towards the 1.09 mark, losing 150 pips in the past 24 hours. Strongest demand is still ahead of the spot[​IMG]

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