USD is the strongest. EUR is a weakest.
As NY traders enter for the trading day, the USD is the strongest while the EUR is the weakest.
and
The EURUSD has traded 110 pips so far today with the pair first rising toward resistance in the 1.0700 area, then tumbling on talk of increased QE and s strong stock market, sent the pair tumbling lower. Mike has pointed out the option barriers that are casting a shadow on the market. So be aware.
US Durable Goods, personal income and spending, initial unemployment claims (a day early because of the Thanksgiving day holiday), Flash PMI services, New home sales and Univ of Michigan all get released during the US session. After the market digests the data and London/European traders head for the exits, look for activity to slow as traders in NY look for an early exit as their thoughts turn toward digesting the Thanksgiving day turkey tomorrow.
