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EUR/USD spikes to monthly R1 after soft Fed

Discussion in 'Technical Analysis' started by FXStreet_Team, Mar 17, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
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    Technical Analysis EUR/USD spikes to monthly R1 after soft Fed “The market’s reaction of selling dollars actually serves the Fed well as it creates favorable conditions for a country raising rates while capping its currency’s strength.” - Sumitomo Mutsui Trust Bank (based on Bloomberg) Pair’s Outlook The Federal Reserve turned somewhat bearish on monetary policy yesterday, therefore leading to weaker Greenback and uplifted EUR/USD cross. The rally exceeded 100 pips and was stopped by the first

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