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From fxempire.com
The euro traded higher on Thursday early after posting a potentially bearish closing price reversal on Wednesday. The currency bounced back yesterday after a weak session in reaction to lower US Treasury yields, after Federal Reserve Chairman Jerome Powell said the central bank's key rate was "just below" from a neutral level.
The EUR / USD exchange at 1.1385 at 04:32 GMT, up from 0.0018 or + 0.18%.
Daily technical analysis
The main trend is down according to the daily chart. However, the trend could have reversed with the formation of a potentially bullish reversal fund. … (full story)
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