Dollar Versus Loonie and Euro April 10th

FX Strategy Video > Currency Pairs Analysis

USD/CAD rose again during the Monday session only to fall again and form a shooting star. The pair is heavily influenced by oil, and the Light Sweet Crude markets formed a hammer - suggesting the oil markets may rise. Because of this - selling is an easy trade.

The EUR/USD pair fell but managed to form a hammer above the 1.30 support level. As a general rule, buying the Euro isn't a wise idea, and we will simply be waiting for the bounce to sell this pair yet again.

Published on 9th of April 2012
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