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EUR/USD back above 1.1000, but upside limited

Discussion in 'Technical Analysis' started by FXStreet_Team, Feb 24, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    EUR/USD Current Price: 1.1024 View Live Chart for the EUR/USD After hitting fresh highs versus the euro and the pound during the European session, the US dollar gave up most of its early gains as it took a hit from disappointing economic data. US Markit services PMI fell to 49.8 in February, below the 53.5 expected while the composite PMI also fell to 50.1 from 53.2 in January. Meanwhile, new home sales dropped by 9.2% in January, much more than the expected fall of 4.4%. EUR/USD bounced from

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