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

By | 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. Forex News

    EUR/USD hovers below 1.0800

  2. Forex News

    Fed comments show June-September lift-off still on table – Danske

  3. Forex News

    EUR/USD retracing on an upbeat US core CPI print – FXStreet

  4. Forex News

    EUR/USD dips to lows near 1.0730

  5. Forex News

    US Dollar SSI Flashes Broad Based Bear Signal

Trading Center