Euro Versus Dollar and Pound March 23rd

FX Strategy Video > Currency Pairs Analysis

EUR/USD fell for most of the day as the worries of a slowdown in manufacturing in the EU plagued the pair. The "risk off" trade came back for most of the session, and this had FX traders running towards the Dollar.

The EUR/GBP pair acted much in the same way as the EUR/USD pair, but also had the added benefit of the 0.83 support level being just below. Because of this - we formed a hammer in this pair as well.

Published on 22nd of March 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