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Weekly Overview on Majors' Price Action

Discussion in 'Technical Analysis' started by FXStreet_Team, Nov 10, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
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    EURUSD - Hitting new lows EURUSD continued to hit new lows last week. Before the official release of the NFP, the price had already dropped below the 1.0900 support. Bulls pushed the price back to retest the round number level, but the corrective movement finished fast, because of the values of the US labor market indicators. The NFP was released at a value of 271K, the Unemployment Rate dropped to 5.0%, while the Hourly Average Earnings increased by 0.4%. These created a better context for

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