Euro Versus Yen and Pound July 17th

FX Strategy Video > Currency Pairs Analysis

EUR/JPY fell much of the session on Monday as the Euro continues to be the epicenter of the Forex markets. The pair bounced late though, and as a result we formed a hammer. Is a bounce coming? Probably.....and it should offer the sellers a better level to enter.

The EUR/GBP pair looks much the same, and the analysis is almost identical. The 0.80 level above should be a massive ceiling above the current price. The market looks like it is ready to pullback for the bears, and we will be waiting to sell at higher levels. 0.7950 looks particularly interesting.

Published on 16th of July 2012
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