Euro/Dollar: Euro Could Weaken Against Dollar Due to Fall in Euro/Pound Cross

Discussion in 'Technical Analysis' started by FXStreet_Team, Dec 30, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
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    EURUSD 1H Yesterday’s Trading: Tuesday’s trading saw the euro/dollar sticking to my forecast up to the American session. By the end of the day the euro had weakened against the dollar by 50 points to 1.0919. The euro bulls couldn’t manage to strengthen above 1.10. The price slid from the daily trend line. The euro fell following the pound when the euro/pound cross switched its path southbound. Without any news to drive the price, the euro/dollar will keep trading in a sideways with an average

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