Dollar Versus Pound and Euro June 1

FX Strategy Video > Currency Pairs Analysis

The GBP/USD pair fell hard during the session on Thursday to solidify the position under the 1.55 level. The Non-Farm numbers could have an impact, but the Pound is in real trouble, and we don't think at the end of the day that its going to change soon.

The EUR/USD is currently sitting at 2 years lows, and still managed to form a shooting star at the bottom of this fall for the day. This pair goes down, and all rallies should be selling opportunities at this point.

Published on 31st of May 2012
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