Gold: Outlook suggests more horizontal trading

Discussion in 'Technical Analysis' started by FXStreet_Team, Apr 7, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
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    Technical Analysis EUR/USD silent after Fed news “The euro should struggle to perform given the risks ahead -- Greece as well as a lingering global growth slowdown.” - Credit Agricole (based on Bloomberg) Pair’s Outlook With mixed signals coming from the Federal Reserve, the EUR/USD currency pair continued to trade sideways on Wednesday. Intraday losses were extending down to the weekly pivot point at 1.1326, but the bulls returned the pair back to the 1.14 zone. Therefore, we have got four

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