Forex technical analysis: EURUSD buyers remain in control, but they have work to do still

Discussion in 'Technical Analysis' started by ForexLive, Jan 8, 2016.

  1. ForexLive

    ForexLive Forum Member

    Sep 2, 2015
    Likes Received:
    Up and down with eyes on stocks(?) The stock market is up today, but given the declines this week, it is not up by much. Also, the indices are much lower than implied in pre-market trading right after the employment report was released. This has the dollar more on the defensive. In addition, perhaps China devaluation is still on the minds of traders as well as the weekend approaches? Perhaps it is just Friday squaring? Perhaps it is wages or lack of them? Perhaps it is the technicals?

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