Euro Versus Dollar and Loonie November 11th

FX Strategy Video > Currency Pairs Analysis

EUR/USD had a bit of a bonce during the Thursday session, but is far from retracing the losses seen on Wednesday. There are fresh rumors of possibles deals out there, but the market has heard these every couple of days now, and doesn't seem to be making much of it.

The EUR/CAD sits right above the 1.38 level again, and looks weak as we are at the bottom of the recent range. With the EU having so many problems, and price of oil rising so much lately, this move makes sense, and we feel it could fall a bit form here given just the slightest push.

Published on 10th of November 2011
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