EURUSD – Downtrend to Resume?

Discussion in 'Technical Analysis' started by FXStreet_Team, Nov 16, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
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    Key Highlights The Euro continued to move lower starting this week against the US Dollar and looks set for more losses. A bullish trend line formed on the hourly chart of the EURUSD pair was broken to help sellers. Japanese Gross Domestic Product released by the Cabinet Office posted a decrease of 0.8% in Q3 2015, which was worse than the forecast of a 0.2% decline. In New Zealand, the Retail Sales released by the Statistics New Zealand posted an increase of 1.6% in Q3 2015. EURUSD Technical

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