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EUR/USD nears third monthly resistance line

Discussion in 'Technical Analysis' started by FXStreet_Team, Feb 5, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    Technical Analysis EUR/USD nears third monthly resistance line “Expectations are growing by the day that the Fed will not hike again this year given the weaker growth picture and tightening financial conditions.” - Bank of New Zealand (based on Bloomberg) Pair’s Outlook European common currency continued rallying versus the Greenback on Thursday, by adding 104 extra pips to end the American session at 1.1207. Bottom line: the EUR/USD cross managed to consolidate above 200-day SMA and violated

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