EUR/USD: tepid recovery on poor US data

Discussion in 'Technical Analysis' started by FXStreet_Team, Mar 3, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
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    EUR/USD Current Price: 1.0904 View Live Chart for the EUR/USD The EUR/USD pair jumped above the 1.0900 level after being consolidating in a tight range for most of the past two session, with no actual catalyst behind the movement, setting a daily high of 1.0909 ahead of the release of US employment data. Earlier on the day, the release of the services and composite Markit PMIs from Europe showed a broad-based slowdown in the region, as the rate of output expansion eased across the region. The

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