Dollar Versus Euro and Pound September 12th

FX Strategy Video > Currency Pairs Analysis

EUR/USD broke out over the 1.28 resistance level on Tuesday, and looks very healthy at this point. In fact, there is absolutely no real resistance until we get to the 1.30 handle at this point, so a short-term long is the way to go from where we stand.

The GBP/USD pair had a strong day after the hammer that formed on Monday. The pair looks set to reach our target of 1.63 over time. The pair could have a rocky road, but with the Fed looking to ease soon, this seems likely in the end.

Published on 11th of September 2012
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