EURUSD Looking for an Additional Bullish Leg

Discussion in 'Technical Analysis' started by FXStreet_Team, Oct 21, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
    Likes Received:
    The venerable Eurodollar has faced some uncertainty over the past few days as the market speculates as to whether the ECB will extend their QE program. Subsequently, the currency has faced a slide after failing to breach the high at 1.1493 which has seen it decline back towards the 100-day moving average. However, the Euro is facing a range of buoyant conditions that could see the pair challenge the 1.1460 level in the coming days. Price action has also recently broken through the minor trend

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