Euro Versus Pound and Dollar January 10th

FX Strategy Video > Currency Pairs Analysis

EUR/GBP rose during the session on Monday as the gap from the open was quickly filled. The 0.83 level still looks resistive though, and as a result, this pair looks like it is going to rally a bit in order for us to sell more!

The EUR/USD did much the same thing for the session. The risk in Europe is still high, and as a result we still like the idea of owning the US dollar against the Euro overall. However, there is a real chance of a slightly larger bounce in the near term, and we think selling this pair will be viable in the next 24 hours, but the higher the better!

Published on 9th of January 2012
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