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Euro/Dollar: Euro Readying to Fall

Discussion in 'Technical Analysis' started by FXStreet_Team, Nov 10, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    Hourly Yesterday’s Trading: On Monday the euro/dollar was trading in a sideways. After a growth to 1.0789, the euro fell to 1.0726. This was caused by talk of the need for interest rates on deposits to be dropped below -0.20%. I’m not so sure what caught market participants by surprise; Mario Draghi spoke of reducing rates at the last press conference. Main news of the day: No events planned. Market Expectations: Trader activeness on the Forex market was down after the NFP came out. The hourly

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