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EURUSD – Euro Opens Lower Against the US Dollar

Discussion in 'Technical Analysis' started by FXStreet_Team, Jan 4, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    Key Highlights The Euro continued to move lower against the US Dollar and opened with a bearish tone this week. The EURUSD pair almost tested the 1.0820-00 support area where it is currently finding bids. A major support trend line on the hourly chart was broken by sellers. Chinese Caixin China Services PMI, released by Markit Economics posted a decline from the last reading of 48.6 to 48.2 in December 2015, whereas the market was expecting an increase to 49.0. EURUSD Technical Analysis The

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