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EUR/USD: tepid bounce from 1.1000

Discussion in 'Technical Analysis' started by FXStreet_Team, Nov 3, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
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    EUR/USD Current price: 1.1029 View Live Chart for the EUR/USD Despite positive macroeconomic data in the EU, the common currency was unable to pick up momentum, and declined down to 1.1003 during the European morning. Earlier in the day, the release of the manufacturing PMIs in the region showed that the local economy had a good start of the fourth quarter, with German and EU figures beating expectations. The pair has bounced from the mentioned low, but remains below the 1.1050 level, the

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