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EURUSD – Short-term Correction Before Higher?

Discussion in 'Technical Analysis' started by FXStreet_Team, Dec 14, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    Key Highlights Euro gained this past week against the US Dollar and traded above the all-important 1.0880-1.0900 resistance area. Later, a short-term bullish trend line formed on the hourly chart was breached by sellers for a downside move. Today, the Italian Consumer Price Index will be released by the Istat with the forecast of a 0.4% decline in November 2015, compared with the preceding month. EURUSD has a major support on the downside around 1.0920 that may act as a barrier for sellers

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