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EURUSD – Resistance Remains Intact

Discussion in 'Technical Analysis' started by FXStreet_Team, Jan 25, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    Key Highlights Euro struggled this past week against the US Dollar, as every rally in the EURUSD pair was sold aggressively. The EURUSD pair is facing a bearish trend line on the hourly chart, which is likely to act as a resistance and stall gains. Today, in the Euro Zone, the German business sentiment index will be released by the CESifo Group, which may ignite a few moves in the EURUSD pair. In Japan, the Merchandise Trade Balance Total released by the Ministry of Finance posted a trade

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