Euro Versus Dollar and Pound July 3rd

FX Strategy Video > Currency Pairs Analysis

EUR/USD fell during the session on Monday as the reaction to a solution in Europe has been met with skepticism, and more importantly - higher Spanish bond rates. This shows that the market may not be as impressed as we were led to believe on Friday.

The EUR/GBP pair fell hard. In fact, it looks like the bearish flag is still in play, and a break below the most recent lows - about the 0.7980 level - has this pair falling as low as 0.76 as suggested by the pole of the flag.

Published on 2nd of July 2012
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