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EURUSD edged back below 1.0600 before risk events

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

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    With market participants focussing on the risk events coming up tomorrow and on Friday, notably the ECB rate decision and US NFP report. USD has spent the day climbing higher, with EUR edging back below the 1.0600 level. EUR saw notable weakness this morning on the back of a lower than expected reading of Eurozone CPI (Core Y/Y 0.90% vs. Exp. 1.10%), with participants interpreting the data as making it more likely that the ECB will be forced to act. Elsewhere in terms of data, today’s US ADP

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