Euro Versus Pound and Dollar April 3rd

FX Strategy Video > Currency Pairs Analysis

EUR/GBP fell for the session, but bounced a bit from the 0.83 level. The area has been a massive support level for the recent past, and it looks as if we will see it hold yet again. 0.84 above holds this market down, and therefore we find a 100 pip range for you short-term traders.

EUR/USD fell for much of the session as well, and like the EUR/GBP, formed a hammer. The pair seems to be finding a bit of footing at the 1.3250 to 1.33 level as it is now supportive after being resistive. However, the 1.35 level above looms large....

Published on 2nd of April 2012
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