EUR/USD did NOT set a new reaction low |
|
On Monday, the EUR/USD currency pair developed a rollercoaster trading pattern. There was both good and bad news coming in for the single currency. The good news was that EUR/USD took quite a decent start to the new trading week and the pair didn’t set a new correction low suggesting that the sell-off might be slowing. The less positive news was that the early ‘strength’ was very soon blocked by some albeit less important news headlines from South European countries (e.g. some press reports
Filed under: Fundamental
Latest Posts
- Sentiment remains EUR/USD supportive
- Czech bond yields at all time lows
- EUR/GBP, USD/CAD, GBP/JPY Technicals
- US: Initial claims continued to trend down last week
- long nzdusd
- EUR/USD Strategy: SHORT 1 at 1.3175, Obj: 1.2375, Stop: 1.3015
- Eurodollar Future – December 2010
- Strategy for today: Short USD/JPY and USD/CHF
- Traders Await US Jobs Data
- The correction yesterday started in the European session
- Forex Technical Analysis on Majors
- Technical Summary for Majors
- Market Comment
- Daily Forex Overview
- USDJPY low trading range continues