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Euro/Dollar: Buyers Readying to Storm 1.10

Discussion in 'Technical Analysis' started by FXStreet_Team, Dec 29, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    EURUSD 1H Yesterday’s Trading: The DXY on Monday sat in a 97.80 – 98.05 point range. The euro/dollar was consolidating in a 1.0955 – 1.0985 range. The ranges were narrow due a fall in trading volumes throughout the day. Many traders closed their positions before Christmas and this meant a fall in market liquidity. Main news of the day (EET): 17:00, US consumer confidence. Market Expectations: As New Year approaches, trader activity remains low. However, this does not mean that currency rates

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