Euro Versus Dollar and Yen September 28th

FX Strategy Video > Currency Pairs Analysis

EUR/USD rose during the early part of the Tuesday session as the buy signals got fired off. The previous couple of sessions have seen hammers at the 1.35 level, and a breaking of the highs got the bulls active. However, during the later part of the session saw the rally fade as the Euro continues to show weakness.

EUR/JPY did very similar things on Tuesday. As it ran up to the 105 level, it failed at the first sign of resistance. The pair still looks weak, and likely to consolidate between 105 and 100 going forward.

Published on 27th of September 2011
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