Euro Versus Dollar and Pound January 18th

FX Strategy Video > Currency Pairs Analysis

EUR/USD rose during the session on Tuesday as the "risk on" trade came back. The Spanish managed to have a decent bond auction, and the markets responded as such. However, later in the session we saw a lot of risk assets sell off - including this pair. It still looks very weak, and is a massive sell under 1.26 or so.

EUR/GBP rose however. This is probably a sign of real weakness in the British Pound rather any real confidence in the Euro. All things being equal - this pair looks weak still. Selling rallies is probably the way to go.

Published on 17th of January 2012
eTorro - Trading Starts Here

Start Trading Forex with up to $10,000

  • 100s Videos and FX Strategy articles
  • Advice from our FX traders
  • Practive free with using real time