Euro Versus Dollar and Yen October 19th

FX Strategy Video > Currency Pairs Analysis

EUR/USD had a wild day during the Tuesday session as headlines continue to push this pair around. The EFSF was rumored to be about to get a 2 Trillion Euro boost, but that rumor has been turned around. The resulting candle for the day is a doji, which sets up a simple trading signal.

The EUR/JPY pair continues to sit just over the 105 mark, and looks like it is entering a phase of consolidation as traders continue to digest the possible scenarios coming out of the EU over the next several sessions.

Published on 18th of October 2011
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