EURUSD following bullish W due to USDx weakness

Discussion in 'Technical Analysis' started by FXStreet_Team, Oct 15, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
    Likes Received:
    EURUSD and other USD pairs completely reversed the trend mainly due to USD weakness then their own strength. It creates some uncertainty for swing traders and short term traders whether totake long or short positions. Situation is 2 fold at this point. EURUSD can be traded both ways. ECB is expected to extend QE programme beyond 2016 and FED probably will not hike in 2015 as i already explained. Of course there is always a scope for a surprise but that is how i see things now. Technically

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