Euro Versus Dollar and Yen January 30th

FX Strategy Video > Currency Pairs Analysis

EUR/USD rose again during the Friday session as traders continued to punish the Dollar for a lengthened low rate policy by the Fed. The 1.32 level has been broken, and it now seems as if we are racing towards 1.35 or so.

The EUR/JPY pair initially fell for the session, but bounced in order to form a beautiful hammer to suggest a run to 102, and then to 105 or so.

Published on 27th of January 2012
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