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EURUSD ticks above fresh 7 1/2 month low, ahead of ECB

Discussion in 'Technical Analysis' started by FXStreet_Team, Dec 3, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    EURUSD The Euro remains under strong pressure and heads towards yesterday’s fresh low at 1.0550, posted on a bumpy ride from 1.0635 to 1.0550 and back to 1.0625, where upside attempts were capped. The single currency is awaiting today’s ECB’s meeting, with expectations of rate cut and extension of QE, being on the table. Technicals remain firmly bearish and favor further downside action, with initial targets at 1.0550, yesterday’s low and 1.0519, Apr low, guarding key support at 1.0461, low of

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