Dollar Versus Euro and Pound August 20th

FX Strategy Video > Currency Pairs Analysis

EUR/USD fell during most of the session on Friday, but did manage to bounce back off of the uptrend line in the rising wedge to form a hammer. This suggests that perhaps the Euro isn't quite ready to roll over, although we suspect it will fairly soon.

The GBP/USD pair fell during the session, failing to get above the 1.58 level again. However, the lows are getting higher, and it has to be said that the tenacity of the bulls is quite impressive. This pair will break out sooner or later we believe.

Published on 18th of August 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