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EUR/USD: lower lows still possible

Discussion in 'Technical Analysis' started by FXStreet_Team, Nov 18, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    EUR/USD Current price: 1.0659 View Live Chart for the EUR/USD The greenback traded generally higher this Tuesday, with the EUR/USD pair extending its latest decline to a fresh multi-month low of 1.0642 during the European morning. The pair attempted a recovery but the lack of European data and the better-than-expected result of US inflation readings, keeps the dollar on demand. Ahead of the US opening, the EUR/USD 1 hour chart shows that the price is unable to advance beyond a strongly

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