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EURUSD rises with the dollars fall
The EURUSD moved higher breaking above trendline resistance at 1.38459. The move is being attributed to a weaker dollar caused by mergers and acquisitions. US company Pfizer raise their bid for UK’s Astra Zeneca and that helped propel GBPUSD higher. The EURUSD seemed to follow the pounds lead. The move has sent the price of EURUSD also above the 2 week trading high at 1.38635 and the 61.8% retracement of the move down from the April 11 high to the low reached on April 22 (see chart above). Looking at the daily chart (see chart below), the price moved above topside trendline connecting the March high with the April ... (full story)
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ITS ABOUT THE CASH NOTHING ELSE.
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