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The EUR/USD pair fell down to 1.0939 before trimming losses

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

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    EUR/USD An early rally of the greenback was quickly reverted by speculative interest, with the market favoring selling the American currency at higher levels. The USD entered negative territory mid American afternoon, falling beyond Friday's lows against most of its major rivals but the EUR, still subdued ahead of the upcoming ECB economic policy decision later this week. A sharp recovery in oil prices was behind dollar's selloff, as the commodity reached fresh year highs on hopes a bottom has

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