Euro Versus Dollar and Yen August 10th

FX Strategy Video > Currency Pairs Analysis

EUR/USD had a bearish session on Thursday again as the 1.23 level seems to be calling the sellers. The area was once massive resistance, and now should be retested for support. So far, the area has held, but now we have a candle that has pierced the level - giving us a perfect entry point if we get below it.

The EUR/JPY pair sold off as well, and has several technical indicators that suggest it should continue to fall. The area just below current prices should act as support though, so we could have a rocky ride down from here.

Published on 10th of August 2012
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