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Euro/Dollar: Expected Test of 1.0530

Discussion in 'Technical Analysis' started by FXStreet_Team, Dec 1, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    Hourly Yesterday’s Trading: On Monday the euro/dollar didn’t reach the calculated level, but, on the whole, what I expected to happen took place. Due to a weakening of the euro/pound, the euro/dollar fell on the American session to 1.0556 (target was 1.0540). The euro/pound fell to 0.7012. The euro is continuing to remain under pressure as the ECB meeting approaches in which the market expects additional easing of monetary policy via an extension of QE. Main news of the day (EET): 10:15-11:00,

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