Dollar Versus Loonie and Euro May 28th

FX Strategy Video > Currency Pairs Analysis

USD/CAD had yet another bullish session on Friday, piercing the 1.03 level during the day. The pair is being helped by weakening oil prices and the fear trade. As soon as we close above the 1.03 level, we buy this pair for a much larger move.

EUR/USD is sitting right on top of the 1.25 support level. If this level gives way - look out below. The headlines currently favor a further breakdown in this pair, and we are selling it when it comes. Rallies are to be faded as well.

Published on 26th of May 2012
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