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EUR/USD: Technical bias still points higher, but fundamental risks abound

Discussion in 'Technical Analysis' started by FXStreet_Team, Feb 15, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
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    Markets have predictably calmed down this afternoon as European traders clock out and US traders enjoy their President’s Day holidays, giving us a good opportunity to reevaluate the prospects for the world’s most widely-traded currency pair, EUR/USD. After exploding out of the previous 8-week range from roughly 1.0750 to 1.1050, EUR/USD surged all the way up to nearly 1.14 last week before rolling over the last two trading days to drop back to 1.1150 as of writing. It’s worth noting that the

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