Dollar Versus Euro and Pound February 16th

FX Strategy Video > Currency Pairs Analysis

EUR/USD initially rose during the Wednesday session, but bad news out of the EU again weighed upon Euro. The pair has fallen from the 38.2% Fibonacci level, and looks set to try to break support at 1.30 going forward.

The GBP/USD had a similar day, but also has a perfect shooting star on the weekly chart for a punctuation of the bearishness - we aren't willing to argue.

Published on 15th of February 2012
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