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Euro/Dollar: Daily Indicators Flipped Downside Up

Discussion in 'Technical Analysis' started by FXStreet_Team, Dec 2, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    Hourly Yesterday’s Trading: On Tuesday the euro received support from the low value of the UK business activity index. This facilitated a weakening of the pound and thereby a growth in the euro/pound cross. The euro/dollar rose during the American session to 1.0636. Weak ISM and US Fed representative Evans forced the sellers to close euro short positions. Evans believes that December is still too early to put up the US base rate due to low inflation. The US ISM business activity index for

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