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Expected Euro Weakening to 1.1256 Before Yellen Speaks

Discussion in 'Technical Analysis' started by FXStreet_Team, Feb 10, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    EURUSD 1H Yesterday’s Trading: Falls in the stock and oil markets again offered support to the euro and yen. Brent fell to $30.26 and the euro/dollar fell to 1.1337. When the US indices stopped falling, a rally on the euro began: the euro weakened against the dollar to 1.1280. Oil fell after the IEA (International Energy Agency) published a report in which the media saw the agency’s view as sceptical. “With the market already awash in oil, it is very hard to see how oil prices can rise

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