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Notable softness seen in GBPUSD and EURUSD

Discussion in 'Technical Analysis' started by FXStreet_Team, Dec 7, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    With a light calendar kicking off the week, much of today’s FX price action has been a continuation of the fallout from last week’s events. Following the higher than expected nonfarm payroll report from the US and in a paring of some ECB announcement inspired losses, the USD index has strengthened throughout the session, to see the greenback gain against major pairs. As such notable softness was seen in both GBP/USD and EUR/USD, with the former falling back below the 1.5100 handle, while in

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