Euro Versus Dollar and Pound January 12th

FX Strategy Video > Currency Pairs Analysis

EUR/USD fell during the session on Wednesday, and triggered the sell signal from the Tuesday shooting star. However, the 1.27 level looks like the start of support all the way down to 1.26 or so. We anticipate a bounce at this point - and welcome it as an opportunity to sell at higher levels.

EUR/GBP rose as well, mainly helped because of a miserable session for the British Pound overall. The pair is much like the EUR/USD - a sell only one. We are looking between the 0.83 and 0.84 handle for signs of weakness in which to sell again.

Published on 11th of January 2012
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