EUR/USD still unwinding last week’s gains…what’s next?

25 March 2016, 17:53
Francis Dogbe
Many traders are already looking ahead to the holiday weekend, so it’s difficult to expect much volatility from the remainder of this week’s trade, but there’s one key technical formation to keep an eye on both tomorrow and heading into next week. EUR/USD rocketed higher last week on the back of a more-dovish-than-anticipated FOMC meeting on Wednesday, but since then, the world’s most widely-traded pair has slowly but surely given back most of those gains. Ahead of the Fed meeting, we had noted the tight falling wedge pattern forming on the 4hr chart (see “EUR/USD coiling for a potential big move heading into the Fed meeting” for more), ... READ MORE
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