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Will EUR/USD resume it's ‘usual' risk-off pattern?

Discussion in 'Technical Analysis' started by FXStreet_Team, Jan 7, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    On Wednesday, risk sentiment stayed outright risk-off, but the impact on the major currency cross rates was less pronounced than earlier this week. USD/JPY touched an intraday low in the 118.25 area, but stabilized later in the session even as US equities were hit by a new late session downleg. The pair closed the day at 118.47 (from 119.06 on Tuesday). EUR/USD showed tentative signs of a bottoming out process as the global risk-off trade continued. The European (services PMI) and US (ADP

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