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EUR/USD Spikes To Monthly R1 After Soft Fed

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

  1. Kaitlin

    Kaitlin Forum Member

    Aug 29, 2015
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    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 monthly resistance, as it had been expected. We are not ruling out a setback on Thursday and a correction to[​IMG]

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