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USD gives back recent gains

Discussion in 'Technical Analysis' started by FXStreet_Team, Dec 1, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    The USD has continued to give back recent gains throughout the day, with the USD-index breaking back below the key 100.00 level after failing yesterday to hit fresh highs. Losses in the USD were then exacerbated after a below Exp. reading of ISM Manufacturing (48.6 vs. Exp. 50.5), with the USD weakness filtering through to major pairs and as such seeing EUR and GBP both gain against the USD . Of note, the former remaining above the key 1.0600 level ahead of the crucial ECB rate decision

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