Dollar Versus Euro and Pound October 11th

FX Strategy Video > Currency Pairs Analysis

EUR/USD fell hard during the session as the Euro continues to suffer against the safe haven flow. The EU Finance Ministers seem to be doing nothing, and as a result the markets look ready to show their lack of patience. The pair is sitting on an important trend line at the moment as well.....

The GBP/USD pair fell as well, but found a little bit of support at the 1.60 level. The area is one that we thought could be supportive, and it looks as if it is trying to be. Also, the 1.58 level below could also provide lift to this pair going forward.

Published on 10th of October 2012
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