Dollar Versus Pound and Euro October 3rd

FX Strategy Video > Currency Pairs Analysis

GBP/USD tried to rally again on Tuesday but gave up all of its gains for the day in order to form a shooting star. This was the second shooting star in a row, and this suggests to us that this pair will continue to fall. The 1.60 level below should be supportive though.

The EUR/USD formed a shooting star as well, but also has a trend line offering support just below. In fact, we also see the 1.2750 level as problematic as well for the sellers. With the Non-Farm Payroll numbers coming out on Friday - this pair could be a bit quiet.

Published on 2nd of October 2012
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