Euro Versus Yen and Aussie September 26th

FX Strategy Video > Currency Pairs Analysis

EUR/JPY formed a hammer on Friday as traders closed out their bearish bets. The G20 meeting over the weekend could produce some kind of Euro positive statement, and this could push this pair forward. However, we feel that the 1.05 level could prove resistive, so any longs here would have to be short-term in nature.

EUR/AUD is presently pressing against resistance in the form of the 1.3850 level. The area is the bottom of a massive shooting star that sold this pair off last time, and should continue to be resistive. The pair looks like it wants to pullback, and we see the 1.35 level as a natural support area.

Published on 23rd 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