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EUR/USD Steady After Three Sessions of Decline

January 6, 2015 by

EUR/USD was steady today following three sessions of decline. The dollar paused its rally as today’s economic data from the United States was rather disappointing.

ISM services PMI dropped from 59.3% in November to 56.2% in December, far below the predicted value of 58.2%. (Event A on the chart.)

Factory orders slumped 0.7% in November, at the same rate as in October. Market analysts predicted a 0.3% drop. (Event A on the chart.)

EUR/USD for 2015-01-06

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