Euro Versus Dollar and Yen March 30th

FX Strategy Video > Currency Pairs Analysis

EUR/USD fell for most of the session on Thursday, but found buyers at the 1.3250 level - the site of previous resistance. However, the pair looks like it is simply trying to reach the highs of the overall consolidation area @ 1.35 or so.

The EUR/JPY pair fell as well, but also managed a bounce late in the day. the 108.50 level looks supportive, and the 200 day EMA is below. This suggests more bullishness in this market going forward.

Published on 29th of March 2012
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