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EUR/USD: down to fresh lows, eyeing 1.0720 now

Discussion in 'Technical Analysis' started by FXStreet_Team, Jan 4, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
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    EUR/USD Current price: 1.0815 View Live Chart for the EUR/USD The common currency fell to its lowest in five weeks against the greenback, during the American afternoon, in quite a wild start of the year. Weak Chinese PMI figures, as the Caixin manufacturing PMI for December resulted at 48.2, the tenth straight monthly contraction spurred risk sentiment earlier in the day, sending equities down, and safe-havens yen and gold sharply higher. The calendar was pretty busy, and began with the

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