Euro Versus Dollar and Aussie August 22nd

FX Strategy Video > Currency Pairs Analysis

EUR/USD had a very positive session on Tuesday, but failed to get over the 1.25 level. This area that the market stopped at is the next major hurdle for the buyers to get over, and we are currently seeing at least two reasons for resistance to take over. Also, there is that whole pesky Federal Reserve Minutes thing being released today.....

The EUR/AUD pair broke out to the upside to get over the 1.19 level. This was impressive, but the trend is still down. Something tells me we will be shorting it fairly soon.

Published on 21st of August 2012
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