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EURUSD: Eyes more gains as sentiment improves

Discussion in 'Technical Analysis' started by FXStreet_Team, Mar 14, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    Key Highlights Euro after tumbling once against the US Dollar after the ECB event managed to gain bids on the downside. The EURUSD pair recovered sharply and posted healthy gains recently. In China, the Industrial output released by the National Bureau of Statistics of China posted an increase of 5.4% in January 2016, less than the forecast of 5.6%. Chinese Retail Sales grew by around 10.1%, which was around the market forecast. EURUSD Technical Analysis The Euro closed this past week with a

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