EUR/USD resumes falling as ECB meeting begins

Discussion in 'Technical Analysis' started by FXStreet_Team, Mar 9, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
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    Technical Analysis EUR/USD resumes falling as ECB meeting begins “It seems some investors are moving their positions ahead of the ECB meeting.” - Bank of Tokyo-Mitsubishi UFJ (based on MarketWatch) Pair’s Outlook Daily technical indicators assume the EUR/USD currency pair will come under a heavy selling pressure on Wednesday when the ECB’s two-day meeting starts. Yesterday the cross was denied by the 200-day SMA at 1.1043. The bears are setting eye on the demand cluster at 1.0974/58 where the

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