Euro Versus Dollar and Yen March 9th

FX Strategy Video > Currency Pairs Analysis

EUR/USD spiked during the session as many traders tried to get in front of the announcement concerning participation rates in the Greek debt swap. The market looks as if it is setting up to go even higher, but let us not forget the Non-Farm Payroll report. Only the brave (or possibly thick) will be trading this pair today.

EUR/JPY rose as well, and we are running into a resistance area around the 108.50 level. The market is setting up to see good NFP  news. Will it get it?

Published on 8th of March 2012
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