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Weekly Overview on Majors' Price Action

Discussion in 'Technical Analysis' started by FXStreet_Team, Nov 2, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    EURUSD - Played by the rules Last week EURUSD played by the price action and technical analysis rules. Its price bounced from 1.1000 and retested at 1.1100. After FOMC announced a high probability for the interest rate to hike in December, the US dollar has gained across the board. EURUSD plunged 200 pips and tested the next round number support from 1.0900. Currently the price of this currency pair is trading above 1.1000 again. The waters seem to have calmed and the market is free to move

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