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EURUSD – Can Euro Recover Moving Ahead?

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

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    Key Highlights Euro managed to gain traction this past week against the US Dollar, and traded above the 1.0920 resistance area. There was a bearish trend line formed on the 4-hours chart of the EURUSD pair, which was breached recently by the bulls. Today, the German Factory orders will be released by the Deutsche Bundesbank, which is forecasted to decrease by 0.5% in Jan 2016. Earlier today, the Australian HIA/AiG Performance of Construction Index, released by the Australian Industry Group and

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