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European currencies extend their rallies, the focus is on the Pound today

Discussion in 'Technical Analysis' started by FXStreet_Team, Dec 10, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
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    Yet another day of weakness for the Dollar yesterday when the US currency has fallen to a 1-month low against the rest of the major currencies with the likes of the Euro and the Pound benefiting from the drop. The Dollar has been weak across the board all week now and that has allowed the other global currencies to post strong gains casting doubts on the bucks’ outlook. We have mentioned in our previous reports the possible reasons why the Dollar is taking such a beating: the overbought state

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