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Euro/Dollar: Expected Consolidation by Balance Line

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

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    Hourly Yesterday’s Trading: By the end of Wednesday the euro/dollar had renewed to the U4 at 1.1042. Growth for the pair exceeded one figure. There was no news yesterday to put the dollar down. More long positions on the dollar were closed yesterday as they have been since the ECB declined to ratchet up their efforts and loosen their monetary policy. Traders who have been buying dollars all year are patiently waiting for the Fed to up their base rate and the regulator has been making them wait

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