Thin volumes and lower liquidity before holidays

Discussion in 'Technical Analysis' started by FXStreet_Team, Dec 23, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
    Likes Received:
    As to be expected, markets today fell victim to holiday-induced thin volumes and lower liquidity as participants begin to wind down for the festive break. As such, a bulk of the price action was dictated by rafts of profit-taking from recent moves with this most pronounced in EUR/GBP as the cross pulled back from yesterday’s notable gains before finding support at 0.7320. This led to a broad recovery in GBP with the currency shrugging off lacklustre data in the form of UK Q3 GDP revisions which

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