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Euro/Dollar: Euro Ready to Pass 1.0950 Resistance

Discussion in 'Technical Analysis' started by FXStreet_Team, Feb 3, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    EURUSD 1H Yesterday’s Trading: My Tuesday’s expectations came off in full. The euro/dollar fell one point short of the 1.0940 target. The falling stock indices and oil prices helped the euro strengthen. The European stock indices fell by 2% on average and the US ones fell from between 1.9% and 2.3%. Brent fell 4.5% to $32.50. The price of oil came under pressure after the National Iranian Oil Company’s (NIOC) CEO Javadi came out saying that Iran is to up its exports to 2.3 million barrels per

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