EUR/USD making a lower low for the year – FXStreet

By FXstreet.com | Updated August 25, 2014 AAA

FXStreet (Guatemala) - Valeria Bednarik, chief analyst at FXStreet explained the EUR/USD has been the only pair unable to fill the weekly opening gap.



Key Quotes:



“Stuck around 1.3200, the pair has been trading a handful of pips either side of the level for most of the day, posting however a lower low for the year of 1.3183”.



“Data has disappointed both sides of the Atlantic, with German IFO survey showing another drop in confidence amongst Europeans, and US Services PMI posting a slower rise, down to 58.5 while New Home Sales unexpectedly fall to a 4 month low”.



“But with London closed on holiday, the pair was unable to react during European hours, and remained subdue in the US session”.



You May Also Like

Related Forex Analysis
  1. Weekly Trading Forecast: Volatility Keeps Boiling in the FX Market
    Forex News

    Weekly Trading Forecast: Volatility Keeps Boiling in the FX Market

  2. Trading Video: Officials Trigger Volatility for Euro, Yen and Dollar
    Forex News

    Trading Video: Officials Trigger Volatility for Euro, Yen and Dollar

  3. Strategy Video: A Volatile Thanksgiving Week for FX?
    Forex News

    Strategy Video: A Volatile Thanksgiving Week for FX?

  4. US Session: The market left shell-shocked on Draghi
    Forex News

    US Session: The market left shell-shocked on Draghi

  5. EUR/USD back into the bears den, downside wide open
    Forex News

    EUR/USD back into the bears den, downside wide open

Trading Center