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EUR/USD: ready to challenge the 1.0800 level

Discussion in 'Technical Analysis' started by FXStreet_Team, Dec 17, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    EUR/USD Current price: 1.0815 View Live Chart for the EUR/USD The American dollar ended the day with gains against all of its major rivals, extending is post-FED helped by a steep decline in commodities' prices. The EUR/USD pair started the day with a soft tone, and traded below 1.0880, the 38.2% retracement of the latest monthly decline, failing to recover above it on an early attempt to advance. The common currency was dumped following the release of the German IFO survey, showing that

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