-
EUR/USD – Week-long Trendline Providing Support
EUR/USD has been bullish all week, mainly because traders are walking back expectations of a 2015 Fed rate hike. This was somewhat confirmed on Wednesday’s release of the FOMC minutes, which revealed that members also felt it was premature to make rate hike predictions. We saw the USD try to fight back on Thursday, but it was a weak attempt across the board. The USD briefly found support, and the EUR/USD retreated from the 1.3905 high. In the 4H chart, we see that the market is overbought, and a maybe due for a correction. However, there is still upside risk to 1.3966, the 2014-high, which has more of a chance to ... (full story)
- Comments
- Comment
- Subscribe
- Comment #1
- Quote
- Apr 11, 2014 2:26pm Apr 11, 2014 2:26pm
- frx_trader
- | Joined Jun 2012 | Status: Analyst | 3129 Comments
- Comment #2
- Quote
- Apr 11, 2014 11:54pm Apr 11, 2014 11:54pm
- michaelpelly
- Joined Oct 2012 | Status: Member | 1992 Comments
- Comment #3
- Quote
- Apr 11, 2014 11:55pm Apr 11, 2014 11:55pm
- michaelpelly
- Joined Oct 2012 | Status: Member | 1992 Comments
- Comment #4
- Quote
- Apr 12, 2014 12:43am Apr 12, 2014 12:43am
- ForExtraPips
- Joined Sep 2011 | Status: Minor crosses. Major pips. | 252 Comments
Time turns trend. - W.D. Gann
- Comment #5
- Quote
- Apr 12, 2014 1:18am Apr 12, 2014 1:18am
- Ill-b-back
- Joined May 2011 | Status: Get to the Chopper | 3897 Comments
Come with me if you want to live....
- Comment #6
- Quote
- Apr 13, 2014 11:59pm Apr 13, 2014 11:59pm
- Guest
- | IP XXX.XX.176.209