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EUR/USD: retreating from a critical resistance

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

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    EUR/USD Current Price: 1.1395 View Live Chart for the EUR/USD The EUR/USD pair extends its retreat after failing again to break above the 1.1460 critical resistance level early in the European session, but holds around 1.1400, as poor US import and export prices data halted greenback's advance. Uncertainty maintains major pair within familiar ranges, and the only remarkable note of the day are commodities that continue rallying. Earlier today, Germany released its March final CPI figures,

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