Euro Versus Dollar and Pound March 20th

FX Strategy Video > Currency Pairs Analysis

EUR/USD had a bullish session on Monday as the market continued to breathe a sigh of relief after the Greeks got their bailout situated. However, the move is now running into the 1.3250 level, an area that has been resistive several times in the recent past. The pair will have plenty to worry about soon, as the market will start to look at Portugal....

The EUR/GBP pair formed a hammer at the 0.83 level for the third time out of four sessions. The other session was a shooting star, but being outnumbered 3-1 suggests that the risk could be to the upside.

Published on 19th of March 2012
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