Euro Versus Dollar and Pound August 15th

FX Strategy Video > Currency Pairs Analysis

EUR/USD saw another attempt at a rally during the Tuesday session, only to fall again. The candle for the session in s a shooting star, and looks very vulnerable at this point in time. On a break of wither the bottom of the candle, or even the uptrend line in the rising wedge - we are selling.

The EUR/GBP looks similar, but with a slight twist: We have broken down already, and on Tuesday confirmed a former support line as resistance. We are selling this pair on a move lower from the Tuesday lows.

Published on 15th of August 2012
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