eurusd the essential picture

9 thg 5, 2015

Eurusd has rejected 1.1380 DXY has rejected 93.77 The more upbeat data from US will keep hope alive for a rate rise. The battle between a bid to weaken the dollar and the anticipation of a rate rise continues. If DXY starts trading above 95 then the lower fib levels on my daily chart will be tested. Any breach of 1.1380 will negate this scenario.