Dollar Versus Pound and Euro May 29th

FX Strategy Video > Currency Pairs Analysis

GBP/USD looks sick to say the least. This market has sold off ruthlessly over the last several weeks, and the fact that the bulls couldn't bounce this pair any higher at this point suggests that we are about to see another leg down. The breaking of 1.5650 has us selling again.

The EUR/USD pair looks very similar at the moment. The shooting star for the third day in a row is bad news for the bulls. A breaking below of the 1.25 handle on the daily close has us selling in an aggressive manner.

Published on 28th of May 2012
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