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EURUSD – Upside Limited, More Losses Likely

Discussion in 'Technical Analysis' started by FXStreet_Team, Nov 9, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    Key Highlights Euro was crushed this past week against the US Dollar as the latter one gained heavily. The US NFP report exceeded the market forecast, and registered a gain of more than 200K+ jobs. The most important point is the fact that the unemployment rate in the US dropped to 5%. Recently, the Chinese Trade Balance released by the General Administration of Customs of the People’s Republic of China posted a trade surplus of $61.64B, less than the forecast of $64.75B. EURUSD Technical

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