Euro Versus Yen and Aussie December 8th

FX Strategy Video > Currency Pairs Analysis

EUR/JPY had a very flat day in the end, after moving back and forth across a fairly decent range. The market is currently waiting to see what the EU is going to do at the summit late this week, so we will more than likely see this pair go sideways for another 48 hours. We see 105 as being the next hurdle for the bulls if we get good news.

EUR/AUD continues to grind lower as the lows have been tested again. The 1.30 level should continue to be supportive, but a break below that has us selling heavily as it would show another leg down in this pair.

Published on 7th of December 2011
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