Euro Versus Dollar and Kiwi September 9th

FX Strategy Video > Currency Pairs Analysis

EUR/USD fell like a stone during the session on the Thursday session as the Chairman of the ECB, Mr. Trichet played down the economic prospects of the EU. Because of this traders are selling the Euro against almost everything at this point. If we can break below the 1.3840 ish area - this pair falls much, much more.

The EUR/NZD pair broke below the hammer formed a few days ago, and is now struggling to break below the 1.69-1.68 support area. If it does - this pair falls to 1.62 fairly fast, and more than likely even lower points than that.

Published on 8th of September 2011
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