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EUR/USD still near 1.1376 key support

Discussion in 'Technical Analysis' started by FXStreet_Team, Mar 31, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    On Wednesday, the dollar declined further on Tuesday’s soft Yellen comments. EUR/USD came within reach of the 1.1376 resistance, as oil temporarily rebounded in early US dealings. However, a real test/break didn’t occur, as oil fell back lower. The US ADP labour report was slightly stronger than expected, but hardly supported the dollar. EUR/USD closed the session at 1.1338 (from 1.1291 on Tuesday). USD/JPY finished at 112.43 (from 112.70). So, USD/JPY didn’t profit from a constructive equity

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