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Euro resistance beats back the bulls, at least so far

Discussion in 'Technical Analysis' started by ForexLive, Jan 28, 2016.

  1. ForexLive

    ForexLive Forum Member

    Sep 2, 2015
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    January highs hold The euro climbed as high as 1.0968 but couldn't take out a series of January highs and faded back to 1.0940. That's a minor setback for the bulls. The day ahead depends on what happens in stocks but with Amazon missing earnings fairly substantially, that could weigh. On the flipside, Microsoft and Visa beat, so it could balance out.

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