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EUR/USD meets December downtrend after 150-pip rally

Discussion in 'Technical Analysis' started by FXStreet_Team, Jan 8, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    Technical Analysis EUR/USD meets December downtrend after 150-pip rally “I would feel better if we could get a few more rate increases and not have to worry about the balance sheet.” - Loretta Mester, Cleveland Fed President (based on Reuters) Pair’s Outlook Risk-off sentiment, which is currently driving FX and other markets, pushed the Euro considerably to the north against the Greenback on Thursday. Helped by rising trading volume, EUR/USD eroded all nearest resistances and finished the US

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