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Forex technical analysis: EURUSD fight continues with an upside tilt

Discussion in 'Technical Analysis' started by ForexLive, Oct 13, 2015.

  1. ForexLive

    ForexLive Forum Member

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    It's not pretty... If this were a fight, both fighters would be bloody but the buyers would have the edge on rounds. The EURUSD is up for the 5th of 6 trading days (yesterday's close was 1.13573) but the price action on the 5-minute chart below shows that the sellers are connecting at some points. German ZEW data was weaker (VW). There are calls for more QE in December by a few investment banks. The GBPUSD tumble may have had a downward influence. Feds Brainard muddied the water for the Fed earlier (more dollar bearish)..

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