Euro Versus Kiwi and Yen November 28th

FX Strategy Video > Currency Pairs Analysis

EUR/NZD fell on Friday as traders are abandoning the Euro in droves. The pair actually formed a shooting star on the weekly chart, so it looks like a fall is imminent. The 1.75 level below should continue to be supportive, and the trouble in the EU will certainly see more Euro selling before it is all over.

EUR/JPY had a decidedly flat day, going back and forth between the above 103 area, and the below 103 area. The market is certainly bearish, and we feel that any rallies are invitations to sell at this point.

Published on 25th of November 2011
eTorro - Trading Starts Here

Start Trading Forex with up to $10,000

  • 100s Videos and FX Strategy articles
  • Advice from our FX traders
  • Practive free with using real time