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USD rally to run into resistance?

Discussion in 'Technical Analysis' started by FXStreet_Team, Dec 1, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    On Monday, trading in the major currency cross rates developed along the same lines as it did of late. Market anticipation on further ECB easing kept the euro under modest pressure. EUR/USD set a minor correction low below 1.0566. USD/JPY profited from a constructive risk sentiment and a slight rise in core bond yields. EUR/USD closed the session at 1.0565 (from 1.0593 on Friday). USD/JPY closed the session at 123.11 (from 122.80). This morning, Asian equities markets turned into risk-on modus

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