Dollar Versus Euro and Pound January 20th

FX Strategy Video > Currency Pairs Analysis

EUR/USD rose again for the Thursday session as the bond markets continue to behave fairly steadily in the EU. However, we have seen this movie before, and the 1.30 area is coming up. Can we continue?

The GBP/USD is in a similar situation. The 1.55 level will be the start of serious noise in this pair, and now we have to see if the bulls can continue to push this pair back up. If they do - they will have averted disaster as the head and shoulders will have been avoided.

Published on 19th of January 2012
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