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EURUSD Slow and Steady Uptrend?

Discussion in 'Technical Analysis' started by FXStreet_Team, Oct 19, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
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    Key Highlights Euro after trading near 1.1500 against the US Dollar found sellers for a short term correction. The EURUSD pair traded towards the 200 hourly simple moving average where it found support. Chinese Gross Domestic Product (GDP) released by the National Bureau of Statistics of China posted an increase of 6.9% in Q3, which was a bit lower when compared with the last gain of 7%. EURUSD Technical Analysis As mentioned there was a downside move in the EURUSD pair, which took the pair

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