December 12th Long-Term Charts

FX Strategy Video > Currency Pairs Analysis

The EUR/USD pair had a back and forth week, but simply cannot impress as the summit didn't lead to a massive rally. This shows us that the overall market feels very bearish of the Euro still.

The USD/CAD pair had a wide range for the week, but failed to move convincingly in either direction in the end. The 1.01 level is still holding as support, and with the global risks out there - we prefer Dollars over Loonies anyway.

USD/JPY still continues to try and grind lower in this market. The Bank of Japan has been intervening in this pair for a while now, and it has set up an obvious spot from which to go long. The question is whether or not we will ever be able to overcome it?

Published on 9th of December 2011
eTorro - Trading Starts Here

Start Trading Forex with up to $10,000

  • 100s Videos and FX Strategy articles
  • Advice from our FX traders
  • Practive free with using real time