EURUSD Sellers Remain in Action

Talking Points

  • Euro continued its decline against the US Dollar, as there was a lot of bearish pressure on the shared currency.
  • A new weekly low was formed for the EURUSD pair, as the pair traded towards 1.0800.
  • German Factory orders released by the Deutsche Bundesbank posted a decline of 1.7% in September 2015, compared with the forecast of a 1% rise.
  • Euro Zone Retail Sales released by the Eurostat declined by 0.1% in September 2015, whereas the market was expecting a rise of 0.2%.

EURUSD Technical Analysis

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