EUR/USD has suffered a downdraft, dropping to 1.3895, just above hourly trendline support which now comes in at 1.3891. Judging by the clock, I’m guessing the selling is related to the upcoming 15:00 GMT fixing.
EUR/USD gets directional, near trendline
Jamie Coleman
11/10/2010 | 14:53 GMT
Most Popular
- Forexlive Americas FX news wrap: Dollar unswayed by Powell, sags on softer ISM services
- US November NFIB small business optimism index 101.7 vs 94.2 expected
- USD/JPY sent for a spin but now moving higher as BOJ rate hike odds fade
- 60% of FX price changes occurred within the first minute of an economic release
- USD/JPY looks to US CPI report to potentially break ping pong range
- Australia's largest fund manager expects RBA hold today, cut in May
- ForexLive European FX news wrap: USD/JPY sticks with the early bounce, ADP up next