Dollar Versus Pound and Euro May 30th

FX Strategy Video > Currency Pairs Analysis

GBP/USD fell again for the session on Tuesday, and seriously attacked the 1.56 level. This area is vital for the bulls, and if it gives way - look out below. Because of this, we find this pair very interesting at the moment. With the UK's exposure to the European Union, the Pound could go down with the Euro.

Speaking of the Euro, what a mess.....the 1.25 level was violated during the Tuesday session, and looks very, very vulnerable at the moment. Because of this, we are selling rallies and think this pair goes down to the 1.21 area in the near future.

Published on 29th of May 2012
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