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EUR/USD pair advanced to a fresh 4month high of 1.1375

Discussion in 'Technical Analysis' started by FXStreet_Team, Feb 12, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    EUR/USD Risk aversion reached a new peak this Thursday, as oil prices plummeted towards $26.00 a barrel before bouncing some, while worldwide stocks sunk with the banking sector leading the decline amid increasing fears the new negative rate policy, will hit banks' profitability. Sweden's Riksbank surprised the market by delivering a 15bp rate cut today to take the repot rate to minus 50bp, fueling the negative mood among investors mid European session, while in the US, weekly unemployment

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