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

By FXstreet.com | 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”.



comments powered by Disqus
Related Forex Analysis
  1. Weekly Trading Forecast: FX Traders Prepare for Heavy Volatility on FOMC, GDP and ...
    Forex News

    Weekly Trading Forecast: FX Traders Prepare for Heavy Volatility on FOMC, GDP and ...

  2. Trading Video: EURUSD Traders Buckle Up for FOMC, ECB Stress Tests, Risk Trends
    Forex News

    Trading Video: EURUSD Traders Buckle Up for FOMC, ECB Stress Tests, Risk Trends

  3. US Session recap: USD consolidation ahead of FOMC
    Forex News

    US Session recap: USD consolidation ahead of FOMC

  4. A market in a technical snap-shot - RBS
    Forex News

    A market in a technical snap-shot - RBS

  5. EZ gave mixed data at key timings - BBH
    Forex News

    EZ gave mixed data at key timings - BBH

Trading Center