Euro Versus Yen and Aussie September 15th

FX Strategy Video > Currency Pairs Analysis

EUR/JPY has done something pairs very rarely do - form three hammers in a row, and all with higher lows. This could be a massively bullish signal for the short-term, and if we break to the upside - there is no real resistance until we get to 1.08 or so. However, it is worth keeping in mind this move would be counter trend.

EUR/AUD rose on Wednesday, but is quickly approaching the 1.34 - 1.35 resistance area. The trend is down, and with the world ready to sell the Euro on any hint of bad news out of the EU - it makes sense that the resistance area could hold prices down.

Published on 14th of September 2011
eTorro - Trading Starts Here

Start Trading Forex with up to $10,000

  • 100s Videos and FX Strategy articles
  • Advice from our FX traders
  • Practive free with using real time