2013.01.18 : Currency wars – Can a winner emerge today?
EUR/USD
The pair is finally showing some volatility and clear direction. The buyers that gathered around the support level of 1.3290 proved to be stronger than the sellers and they won the battle, at least for yesterday’s trading session.
Technical Outlook
Fundamental Outlook
GBP/USD
It seems like the correlation between the two pairs gets thinner and thinner as the GBP/USD pair moved significantly lower today and broke the support located at 1.6000.
Technical Outlook
Fundamental Outlook