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Euro Falls Across the Board

Euro Falls Across the Board

Thomas Long, Course Instructor

These hourly charts of various EUR pairs shows that in the last week, the sentiment of this currency has changed from relative strength to relative weakness. Whether this has been in preparation for the current G20 meeting or may be the start of a bigger reversal is a matter of opinion, but it is clear that this currency is currently experiencing weakness against all major currencies. While many new traders will just focus on one EUR pair, keeping an eye on all of these pairs can offer clues as to how strong of a reversal this might be. That information can be of great help when looking for trading opportunities.

Euro_body_chart-day-euro-1111.png, Euro Falls Across the Board

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.

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