Euro Versus Dollar and Aussie November 1st

FX Strategy Video > Currency Pairs Analysis

EUR/USD fell hard during the Monday session as the EU's bailout deal faces more and more scrutiny. The deal was treated as it was a "cure all" by the markets, and it appears some semblance of sanity has been brought back to the markets. The 1.40 - 1.39 support level was sliced straight through, so it looks like this pair could have more downside potential.

EUR/AUD looks absolutely horrible. The Euro has been pummeled by the Aussie lately, and it appears that the market is going to try and break the lows at 1.30 before it is all said and done. We are selling short-term rallies at this point.

Published on 31st of October 2011
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