The EUR/USD broke above the daily descendant trend line coming from 1.3710, rising to a daily high of 1.3433, as risk appetite extended over Asian hours. However, market mood is turning negative after early European data, particularly driven by BOE minutes, showing the 3 out of 9 members voted for further easing. While the GBP/USD nose dives, dollar demand increased, putting EUR/USD under short term pressure: the pair is back below the trend line around the 1.3400 area, and technical readings
The EUR/USD broke above the daily descendant trend line coming from 1.3710, rising to a daily high of 1.3433, as risk appetite extended over Asian hours. However, market mood is turning negative after early European data, particularly driven by BOE minutes, showing the 3 out of 9 members voted for further easing. While the GBP/USD nose dives, dollar demand increased, putting EUR/USD under short term pressure: the pair is back below the trend line around the 1.3400 area, and technical readings
