EURUSD tumbles to new session lows after better ISM data

Discussion in 'Technical Analysis' started by ForexLive, Apr 1, 2016.

  1. ForexLive

    ForexLive Forum Member

    Sep 2, 2015
    Likes Received:
    Momentum builds to the downside. The EURUSD has moved lower as the ISM data points to positive. Ironically, the manufacturing jobs were horrible in the employment report today - coming in at -29K. Last month was revised to -18K from -16K. The employment component did remain negative in the ISM report (and was down from the prior month at 48.1 vs 48.5).

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