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Euro/Dollar: Euro Expected to Rise to 1.0895 before the Fed Meeting

Discussion in 'Technical Analysis' started by FXStreet_Team, Jan 27, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    EURUSD 1H Yesterday’s Trading: My euro expectations were fulfilled on Tuesday. The euro updated its maximum against the USD during European trades, dropping to 1.0818 and then returning to 1.0868. The only thing that didn’t fit with my forecast was what happened at the end: the close price was higher than I thought it would be. The maximum was updated after a fall in European stock indices which followed the Chinese ones. The Shanghai composite fell by 6.72% to 2,749.79 due to a continuation

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