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EUR/USD retreats from December downtrend

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

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    Technical Analysis EUR/USD retreats from December downtrend “We have to pay attention to underlying economic conditions and we certainly have to watch what's going on with financial conditions.” - Robert Kaplan, Dallas Fed President (based on Reuters) Pair’s Outlook EUR/USD traded in a limited range on Monday amid lack of fundamental drivers throughout the day. By the end of American session the pair dipped down to the weekly pivot point at 1.0860. Strengthened by 20-day SMA, this support is

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