U.S Dollar Eased
TFI Markets | Feb 11, 2014 05:16AM ET
The U.S dollar eased ahead of Federal Reserve Chairwoman Janet Yellen’s testimony to Congress while Australia’s official house price index rose more than expected in the last quarter 3.4 percent from 2.4 percent against expectations to a rise of 2.9 percent. The Fed first announced a slowing in the bond-buying program in December, followed by another in January.
Trade Idea
EURUSD
Crucial resistance remains 1.3680. A break and close above that level could lead price to 1.3730. Alternative a 4H break below 1.3630 targets 1.3550 .
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