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Expanding formation appeared

Discussion in 'Technical Analysis' started by FXStreet_Team, Apr 8, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    Yesterday’s Trading: The euro/dollar on Thursday closed down. The euro weakened against the US dollar after the publication of minutes from the ECB’s March meeting. The minutes indicated an inclination of relaxing further their monetary policy. The euro met the support at 1.1337 (90 degrees) and then the price returned to 1.1385 (LB). There was no reaction from traders to the chiefs of the ECB and US Fed speaking. When trading finished in Europe, the pair switched into a sideways. Market

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