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EURUSD - Can Euro Bulls Make It?

Discussion in 'Technical Analysis' started by FXStreet_Team, Apr 11, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    Key Highlights Euro looks like trading in a range against the US Dollar, but it may break higher in the short term. There are a couple of trend lines formed on the hourly chart of the EURUSD pair, which could ignite the next move. Chinese Consumer Price Index released by the National Bureau of Statistics of China posted a decline of 0.4% in March 2016, more than the forecast of -0.3%. Chinese Producer Price Index decreased by 4.3%, a bit less than the forecast of -4.6%. EURUSD Technical

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