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Euro/Dollar: Expected Consolidation by Balance Line

Discussion in 'Technical Analysis' started by FXStreet_Team, Dec 8, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
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    Hourly Yesterday’s Trading: Monday saw the euro/dollar reaching for the support at around 1.0800. The correction was 38.2% from the growth from 1.0518 to 1.0980. The calendar was empty, so the price easily returned to the balance line at 1.0859. Main news of the day (EET): 11:30, UK industrial manufacturing and production in the manufacturing sector for October; 12:00 Eurozone Q3 GDP; 15:15, Canadian new housing orders for November and construction permits for October; 17:00, US job vacancies

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