Euro Versus Pound and Dollar September 10th

FX Strategy Video > Currency Pairs Analysis

EUR/GBP shot straight up on Friday as the Euro continued to enjoy a short-covering rally. The pair slammed into the 0.80 level, and we are now in a massive resistance region. In fact, we aren't impressed until we get above the 0.82 level. This is especially true against the Pound, as the GBP looks strong across the board.

The EUR/USD launched itself after the poor jobs number in the US. The Federal Reserve looks set to embark on further monetary easing. The pair looks like the 1.30 level is calling.

Published on 8th of September 2012
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