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Talking Points:
- EURUSD holds November low GBP/USD capped by 1.5721.
- AUDUSD consolidating between 0.8540 and 0.8795.
- See the 'high' importance events on the DailyFX Economic Calendar.
Holiday trading conditions are on the cusp of arrival though this will only be a precursor to the much longer market lull that usually takes place at the end of December. Over the next few days with a meaningful portion of the world’s liquidity drained from markets the potential for significant breakouts and follow through is seen as limited.
See the above video for tecnical considerations in EURUSD GBPUSD and AUDUSD. Read the two articles below for a closer look at the Euro and what's driving price action in EURCHF as the Sf1.2000 floor is currently being tested.
Read more: Will EUR/CHF Floor Break November 30 Referendum in Focus
Read more: Latest Promise of Easing from ECB Keeps Euro Rebound at Bay
--- Written by Christopher Vecchio Currency Strategist
To contact Christopher Vecchio e-mail cvecchio@dailyfx.com
Follow him on Twitter at @CVecchioFX
To be added to Christopher’s e-mail distribution list please fill out this form
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