Euro Versus Dollar and Yen August 13th

FX Strategy Video > Currency Pairs Analysis

EUR/USD had a bearish session on Friday as the markets sold off the Euro yet again. The bounce late in the day did produce a hammer however, as the Americans bought the Euro once again. The pair looks as if it is trying to find support in the 1.23 vicinity, but we also could be forming a rising wedge......this pair could be interesting to say the least.

The EUR/JPY pair formed a "hammer-like" candle for the Friday session as well. The pair looks ready for a bounce, but as you can see right away - rallies are to be sold.

Published on 10th of August 2012
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