Euro Versus Dollar and Pound January 3rd

FX Strategy Video > Currency Pairs Analysis

EUR/USD rose slightly during the Monday session, but fell later to give back the gains. The pair is currently stuck between the 1.30 and 1.29 levels, and looks like it is set to fall. A daily close below the 1.29 level has us selling hand over fist. In the mean time, we like selling rallies as it has shown a severe lack of enthusiasm to the upside.

EUR/GBP rose during the session, but fell to form a shooting star at the bottom of the recent fall. The pair looks very vulnerable right now, and a break below the 0.83 level sends this one down to 0.80 or so. Bounces can be sold as well.

Published on 2nd of January 2012
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