Euro Versus Dollar and Pound December 14th

FX Strategy Video > Currency Pairs Analysis

EUR/USD fell hard on Tuesday as the recent lows have been smashed through to the downside. The 1.30 level held though, and this large psychological number could create a potential bounce. Anything of that order will certainly only end up being a selling opportunity though, as the EU is in serious trouble. A break below 1.30 sends this pair down fast.

EUR/GBP has already broken a serious support level in the form of 0.8500 - and now it looks to fall even further. The level should be resistance now, and we think the selling of rallies is the way to go going forward.

Published on 13th of December 2011
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