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EURUSD pinches higher. EURGBP still impacting pair

Discussion in 'Technical Analysis' started by ForexLive, Sep 8, 2015.

  1. ForexLive

    ForexLive Forum Member

    Sep 2, 2015
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    Impact pair of the day The EURGBP continues to be an impact pair of the day today. The pair was offered into the NY session, found support at the the 0.7243 area and has been riding higher since then. The bounce has corresponded with a lift higher in the EURUSD. The dynamics can cause moves vs. the USD to zig and zag as a result of traders hedging exposure with the volatile moves.

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