Euro Versus Dollar and Pound March 6th

FX Strategy Video > Currency Pairs Analysis

EUR/USD did very little during the Monday session, but given the precipitous fall towards the end of the week previous - it probably needed a bit of rest. The 1.3250 level starts a strong supportive area all the way down the the 1.30 level.

The EUR/GBP pair attempted a rally, but failed in the end. Of course, there is that hammer from Friday as well, so this could signal a bit of grinding before a breakdown in this pair. 0.83 seems to be supportive, and important.

Published on 5th of March 2012
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