Dollar Versus Pound and Euro March 28th

FX Strategy Video > Currency Pairs Analysis

GBP/USD reached for the 1.60 level, but found itself wanting as the Tuesday session fell limp at the end. The level is a massive resistance area, and the shooting star certainly looks interesting as it could signal a return to the consolidation area.

The EUR/USD ended up down at the end of the session, but only after printing a doji to suggest indecision. The market got a nice breakout on Monday, only to go "meh" on Tuesday. Not a good sign.

Published on 27th of March 2012
eTorro - Trading Starts Here

Start Trading Forex with up to $10,000

  • 100s Videos and FX Strategy articles
  • Advice from our FX traders
  • Practive free with using real time