Euro Versus Pound and Dollar January 6th

FX Strategy Video > Currency Pairs Analysis

EUR/GBP continues to dive lower as the exodus of money from the European Union continues. London is a major banking center, so the flow of currency from Belgian, French, and Greek banks into the UK isn’t exactly a surprise. Technically, this chart looks horrible.

EUR/USD managed a new low for the Thursday session, reaching below the 1.28 mark for the first time in over a year. The writing is on the wall as the Euro looks very, very vulnerable at the moment.

Published on 5th of January 2012
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