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EUR/USD: nearing key support with no momentum

Discussion in 'Technical Analysis' started by FXStreet_Team, Mar 1, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    EUR/USD Current Price: 1.0858 View Live Chart for the EUR/USD The common currency extended its modest decline against the greenback to 1.0833 this Tuesday, following more signs of a global economic slowdown. Manufacturing PMI surveys were tepid all across the globe, although US data was a bit more encouraging. In China, the official manufacturing PMI survey declined by 0.4 point to 49.0 in February reaching its lowest level since November 2011, while the EU reading fell to a 12-month low in

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