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EUR/GBP holding near the recent highs

Discussion in 'Technical Analysis' started by FXStreet_Team, Oct 13, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    Dollar on the defensive On Monday, trading in EUR/USD, in USD/JPY and other USD cross rates was technical in nature. There were no eco data and US bond markets were closed in observance of Columbus Day. EUR/USD retested the recent highs, but at the end of the day, the pair was unchanged at 1.1258. USD/JPY ended the session marginally lower at 120.04 (from 120.27) as ( European) equities recorded moderate losses. The commodity rally also did run into resistance, but there was no straightforward

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