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Euro/Dollar Still in Sideways

Discussion in 'Technical Analysis' started by FXStreet_Team, Apr 7, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    Yesterday’s Trading: Wednesday’s euro/dollar trading finished up. The rate restored to 1.1431 after falling to 1.1326. The UK pound was the market outsider over the course of the day and also managed to win back all of its daily losses against the dollar; ending trades at 1.4120. The main driver for the weakening of the dollar before the release of the FOMC’s March minutes could have been the US Ministry for Energy’s report on oil reserves. The report showed a fall of 4.9 million barrels to

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