Dollar Versus Euro and Pound June 28th

FX Strategy Video > Currency Pairs Analysis

EUR/USD had a fairly quiet session on Wednesday as the markets await the outcome of the summit over the next two days. Quite frankly, it looks as if the markets aren't expecting much. The 1.24 level giving way would have us selling at this point.

GBP/USD had a fairly weak session, but found support at the 1.5550 level and looks consolidative at this point. The market has a top at 1.57, and we will need to break out of this rectangle in order to take a position at this point.

Published on 27th of June 2012
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