Dollar Versus Yen and Euro March 13th

FX Strategy Video > Currency Pairs Analysis

USD/JPY originally fell during the session, but bounced to form a hammer. The move makes sense, as it looks like the move higher was a significant breakout. The market wants to join in, and the pullback during the session offered a chance to get involved for anyone that wasn't previously.

The EUR/USD fell at first, but bounced to form a hammer. The pair looks as if it wants to rise again, but the rallies are more than likely going to be capped as the problems in the European Union are far from fixed.

Published on 12th of March 2012
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