Euro Versus Pound and Yen February 1st

FX Strategy Video > Currency Pairs Analysis

EUR/GBP fell hard on Tuesday, and the trend dictates that this could continue. The 0.84 level has held as resistance lately, and it appears this could be a top for the foreseeable future. A break below the Tuesday lows sends this pair looking for lower levels - perhaps 0.80 or so.

EUR/JPY has broken below the 100 mark. The gap is in the neighborhood - so now we have to see if this area acts as support? A break below the gap is a horrible sign.

Published on 31st of January 2012
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