December 19th Long-Term Charts

FX Strategy Video > Currency Pairs Analysis

EUR/USD fell hard over the last 5 sessions and looks especially weak at this point. However, there is a 100 pip thick zone that is holding this pair up. Looks like news flow will be doing the driving again.

USD/CAD has made a serious push higher. The 1.03 level has given way, and the 1.05 could be next. However, this pair rarely move in a smooth manner - don't expect it to now.

EUR/GBP fell like a stone on Monday, and never really attempted to rally after that. The braking through the 0.85 support level was significant, and shows the future direction of this pair.

Published on 16th of December 2011
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