EURUSD in 14-years Low
EURUSD pair is trading at its lowest in 14 years, hitting the low at 1.0366 following the US Federal Reserve latest monetary decision. Investors view that the US economy will pick up pace in 2017. Also ECB extended monetary stimulus in the EU by more than expected last week boosting further the USD. Central Banks around the world are in the easing path, while the US FED is announcing more tightening.
Sentiment towards the pair is bearish.
Technical indicators have reached oversold territory for EURUSD in the daily chart. Any upward move towards 1.0600 will be seen as selling opportunity from the traders.