Dollar Versus Euro and Pound June 13th

FX Strategy Video > Currency Pairs Analysis

EUR/USD had a fairly quiet session on Tuesday, even as the "hopium" trade came roaring back in the US session. This could possibly be related to the upcoming Greek elections over the weekend that will undoubtedly put a damper on anything risk related by the end of the week.

The GBP/USD pair did fair a bit better, but the bounce ran up to the recent consolidation highs, nothing more - nothing less. The United Kingdom is highly exposed to Europe, so we think that this pair will struggle going forward, especially at the 1.5750 level.

Published on 13th of June 2012
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