Gold benefited from dollar's soft tone this Tuesday

Discussion in 'Technical Analysis' started by FXStreet_Team, Apr 20, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
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    EUR/USD The American dollar resumed its decline this Tuesday, falling to fresh multimonth lows against most of its major rivals. Riskon lead the way, fueled by another daily gain in oil prices that extended above Friday's closing levels. The USD was the worst daily performed, although the EUR and the JPY also underperformed due to their condition of funding currencies. Nevertheless, the common currency advanced up to the 1.3780 region against the greenback and closed the day near its high,

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