Euro Versus Pound and Dollar April 16th

FX Strategy Video > Currency Pairs Analysis

EUR/GBP fell again for the session on Friday, and currently sits atop the crucial 0.82 support level. The pair looks ready to fall, and the weekly charts look especially dire. We are selling a break below, and rallies that show weakness.

The EUR/USD pair doesn't look much better, currently sitting just above the 1.30 level. This area has to hold as the market has pushed back to the upside every time we approach it. However, we are looking weaker and weaker at this point.

Published on 13th of April 2012
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