Dollar Versus Euro and Kiwi May 23rd

FX Strategy Video > Currency Pairs Analysis

EUR/USD had a rough session during the Tuesday trading session as the fears of a Greek implosion continue. The former PM of Greece Mr. Papademos suggested in the media that a Greek exit is a real risk, and the market shot straight down as a result. The candle for the session is closing at the lows, and looks as if we are going to break below the 1.2650 level and towards 1.25 in the end.

NZD/USD had a similar session. The commodity markets were absolutely pummeled, and as a result the "ComDolls" like the Kiwi got beat hard. The 0.75 level is just below. If it gives way, we are selling aggressively. Rallies are able to be faded as well, on weak cand

Published on 22nd of May 2012
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