EUR/USD Tests April Low After Hawkish Fed

Discussion in 'Technical Analysis' started by Kaitlin, May 19, 2016.

  1. Kaitlin

    Kaitlin Forum Member

    Aug 29, 2015
    Likes Received:
    The Federal Reserve's expectations on hike interest rates in June caused the Dollar's rally on Wednesday. The EUR/USD pair closed under the 55-day SMA, currently at 1.1289, and the sell-off found a cap at the April low (1.1214). This historical level is going to act as the most immediate short-term[​IMG]

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