September 10th Long-Term Charts

FX Strategy Video > Currency Pairs Analysis

EUR/USD has now broken out as it looks as if the Federal Reserve will be forced to do QE3. The poor jobs number was pretty much the last nail in the coffin, and the Euro looks like it has a clear path to the 1.30 level.

The USD/CAD level broke through the 0.98 level on Friday, and even closed below it. The last vestiges of support are just below, and if the 0.9750 level gives way - this pair falls to 0.95 and possibly the 0.90 level as well.

The GBP/USD pair has reached the 1.60 level, and looks ready to head higher. The cable pair looks very healthy, and with the Bank of England likely to hold off on further easing, this pair should continue until at least the 1.63 level.

Published on 8th of September 2012
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