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FX trading: One long yawn

Discussion in 'Technical Analysis' started by FXStreet_Team, Oct 20, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
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    Yesterday. FX trading started the week in slow motion and never found firm direction, even not after the release of key Chinese data (see yesterday’s report). The European eco and event calendars were nearly empty. After a strong start, European equities gradually erased gains, as key resistance played its role (343 for the EuroStoxx 600). Yield changes for both US and German bonds were small. Technical range trading prevailed on FX markets. In a daily perspective, EUR/USD closed at 1.1327,

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