Euro Versus Dollar and Pound March 29th

FX Strategy Video > Currency Pairs Analysis

EUR/USD had a strange day on Wednesday as it couldn't quite gain traction in either direction. We still see plenty of possible headline risks out of the EU, and as such are looking for good sell signals.

The EUR/GBP pair rose during the session as the Pound got hit in general. The 0.84 level held true, and looks to keep the market wrapped up tight. The consolidation in this pair has us looking for a breakout, either below the 0.83 level, or the 0.85 level being broken to the upside.

Published on 28th of March 2012
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