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EUR/USD: Weak CPI increases pressure on ECB again

Discussion in 'Technical Analysis' started by FXStreet_Team, Jan 5, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
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    Market sentiment has stabilized after yesterday’s China-induced panic, but traders remain on edge ahead of the year’s second US trading session. As my colleague Fawad Razaqzada noted earlier today, safe havens like gold remain in demand, and that phenomenon has extended to the FX market, where both the US dollar and Japanese yen are catching a bid today. On the other side of the coin, the European currencies are seeing the majority of the selling pressure, with the euro itself falling the

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