Euro Versus Dollar and Pound September 14th

FX Strategy Video > Currency Pairs Analysis

EUR/USD rose during the session as the Federal Reserve announced much longer QE and expanded buying of MBS's as well. This pair found the 1.30 level, and now the real work begins for the buyers if they want to push the Euro higher in general.

The EUR/GBP also had a strong session as the Euro did well in general. The current area is still within the "resistance band" that we have been talking about, and we will need to see 0.81 overcome in order to start buying. As for selling - that's even further away.

Published on 13th of September 2012
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