Euro Versus Dollar and Pound April 4th

FX Strategy Video > Currency Pairs Analysis

EUR/USD fell hard during the Tuesday session as the Federal Reserve released its minutes from the last meeting, without any real suggestion of quantitative easing going forward. The economy seems to be doing better in the US, and this will certainly bring in more people to the Dollar. This pair showed that during the session.

The EUR/GBP pair absolutely fell apart later in the session, and formed a shooting star at the bottom of its recent range. With this in mind, a breakdown is the more likely scenario we see going forward. If we can close sub-0.83, we would like to sell.

Published on 3rd of April 2012
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