Euro Versus Dollar and Aussie September 12th

FX Strategy Video > Currency Pairs Analysis

EUR/USD finally gave up on Friday and has broken below the all-important 1.3850 support level. Because of this, the pair melted down as rumors of Greek defaults and ECB members resigning causes massive panic in that currency. The 1.35 and possibly 1.30 areas are in play now.

The EUR/AUD pair is banging on the door of the all-time lows at the 1.30 mark, and looks set to either do a "dead cat bounce", which we would sell - or a gap lower and below that level. This chart looks absolutely horrible, and it a sell in either case.

Published on 9th of September 2011
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