Euro Versus Dollar and Yen February 8th

FX Strategy Video > Currency Pairs Analysis

EUR/USD rose rapidly during the Tuesday session as rumors of a possible Greek debt deal came out. (Again) However, the deal hasn't been signed yet, and the market could be driven by headlines in the short-term. (Again) The 1.32 level could act as support, and as a result the next move could see this pair move to 1.35 or so.

The EUR/JPY is slamming against the 102 level, and looks like it could run into serious resistance at this point. The market will continue to be vulnerable to headline risks, and as a result - we need to see a daily close above the 102 level to buy now.

Published on 7th of February 2012
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