EUR/USD fell for most of the day as the worries of a slowdown in manufacturing in the EU plagued the pair. The "risk off" trade came back for most of the session, and this had FX traders running towards the Dollar.
The EUR/GBP pair acted much in the same way as the EUR/USD pair, but also had the added benefit of the 0.83 support level being just below. Because of this - we formed a hammer in this pair as well.
Create a FREE account