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EURUSD – Sellers Remain in Control

Discussion in 'Technical Analysis' started by FXStreet_Team, Feb 1, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    Key Highlights The Euro was under a lot of bearish pressure this past week, as it traded below the 1.0900 support area against the US Dollar. There was a bullish trend line formed on the hourly chart of the EURUSD pair, which was breached by sellers. Today, the Euro Area Manufacturing Purchasing Managers Index (PMI) will be released by the Markit Economics, which is forecasted to remain stable at 52.3 in January 2015. In New Zealand, the Visitor Arrivals released by the Statistics New Zealand

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