Dollar Versus Euro and Pound May 31st

FX Strategy Video > Currency Pairs Analysis

EUR/USD came undone on the Wednesday session as the 1.25 level finally gave way. The pair finally seems to be intent on punishing the leadership - or lack of - in Europe as price is heading down to the 1.21 level, perhaps quicker than many of you may think.

GBP/USD broke the 1.5650 and 61.8% Fibonacci level on Wednesday, and even broke below the 1.55 level. This should signal much lower levels in this pair as the "risk off" trade continues.

Published on 30th of May 2012
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