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EUR/USD: still seen lower, nearing the year low

Discussion in 'Technical Analysis' started by FXStreet_Team, Nov 15, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    EUR/USD Current price: 1.0770 View Live Chart for the EUR/USD The EUR/USD pair closed last week with a 30 pips gain, having traded in a very limited range these last days, as the dominant bearish trend, due to the widening imbalances between Central Banks, remains firm in place. Even more, the fact that US data released last Friday was far from encouraging, and even so, the greenback refused to ease, suggests fresh lows are likely for this week. US Retail Sales and the wholesale inflation came

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