Thursday 7 April 2016

EUR/USD Is Still Testing 1.1400




Is anyone else disappointed by the way EUR/USD reacted to the FOMC meeting minutes announcement yesterday? And by that I mean that I mean that the pair failed to break above 1.1400 or start moving to the downside. Because I definitely am. The pair is currently still testing the resistance at 1.1400 and oscillating between that level and the support at 1.1350. Later today we are expecting speeches by both the ECB president Mario Draghi and Fed Chair Janet Yellen. Hopefully that will be enough to provoke some much needed volatility in the pair, or I am afraid that it will finish the week still testing the resistance at 1.1400 and that will be even more disappointing.

3 comments:

  1. Market is waiting for the ECB releases the minutes of its March policy meeting.

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  2. Consolidation contunues for the moment.

    ReplyDelete
  3. What a messy consolidation.

    ReplyDelete