Euro Versus Pound and Yen January 11th

FX Strategy Video > Currency Pairs Analysis

EUR/GBP originally rose during the Tuesday session, but found itself wanting as the 0.83 level came into view. The failure at this point on the chart looks fairly significant, and this one could grind lower as the Pound isn't necessarily loved - but at least it isn't the Euro!

EUR/JPY rose as well, but also failed. The gap from the weekend has been filled, and it looks like the 98 area might offer significant resistance. The pair looks set to continue the fall if we get under the low for the session on Tuesday.

Published on 10th of January 2012
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