EUR/USD steadies while GBP/USD hits fresh cycle lows amid Brexit concerns

Discussion in 'Technical Analysis' started by FXStreet_Team, Feb 23, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
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    EUR/USD Current Price: 1.1025 View Live Chart for the EUR/USD The euro managed to steady on Tuesday while the pound extended losses to fresh cycle lows against the US dollar as appetite for risk lost momentum and concerns over a possible ‘Brexit’ continued to weigh. EUR/USD came under pressure during the European session on the back of disappointing German IFO report which showed business climate index fell to 105.7 in February, below the 106.8 reading expected, while the expectations index

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