Euro Versus Dollar and Yen January 17th

FX Strategy Video > Currency Pairs Analysis

EUR/USD gapped lower at the open on Monday, only to turn around and fill it. However, with the recent bearish outside engulfing candle made on Friday, and the fact that we are pressing the 1.26 level, this pair looks set to fall further. If 1.26 gives way - we could see 1.19 fairly quick.

EUR/JPY looks very similar to the EUR/USD pair. The one difference is that the pair didn't even bother to attempt an up move for the session. The Euro is currently at an 11-year low against the Yen and that doesn't look set to change anytime soon.

Published on 16th of January 2012
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