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EUR/USD to pick up later today and break the highs? - FXStreet

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Apr 18, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
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    Valeria Bednarik, chief analyst at FXStreet explained that risk aversion led the way at the beginning of the week, after oil producers failed to reach an agreement in the Qatar meeting.

    Key Quotes:

    "Surprisingly, the common currency was unable to run as usual lately on safe-haven demand, holding below the 1.1330 region, the base of the range that contained price for much of the last two weeks.

    The macroeconomic calendar was quite light all through the day, with only a couple of FED´s speakers hitting the wires that anyway did not add anything new. Things could get a bit more interesting on Tuesday, as Europe will release its latest current account, alongside with the German ZEW survey, while the US will publish some housing data."
    For more information, read our latest forex news.

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