Euro Versus Pound and Yen December 30th

FX Strategy Video > Currency Pairs Analysis

EUR/GBP rose on Thursday as the Euro go t a bit of a bid after the Italian debt auction didn't turn out to be a disaster. The pair rose to the 0.84 level, one of our first resistance areas. However, the candle looks a bit bullish, so it is possible that we will retest the 0.85 support level for resistance now.

EUR/JPY fell hard enough to pierce the 100 level on Thursday, but bounced to form a nice hammer. The bounce coming could set us up for a quick scalp, but buying the Euro for anything more than a scalp is not likely on our end.

Published on 29th of December 2011
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