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Choppy trading in light start to the week

Discussion in 'Technical Analysis' started by FXStreet_Team, Dec 14, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    A data light start to the week has seen choppy price action in FX markets, with Asia and European hours seeing strength in USD to weigh against major pairs, before EUR clawed back losses after the Wall St. open. EUR/USD broke back above the 1.1000 level ahead of the European close, with the USD ending European hours in negative territory. Despite EUR seeing late gains against the USD, GBP closed out the European session significantly softer against the greenback, with BoE's Shafik stating that

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