Forex Technical Update 6/9/2011 - Setups and Breakouts after a Day of Event Risks

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The event risks this morning were the BoE and ECB meetings followed by Trichet's press conference at 8:30AM EDT. After this the currency markets saw some shakeout moves and settled in eur-negative, and usd-positive manner, while non-decisive for the sterling. Let's take a look at the setups and breakouts in the EUR/USD, EUR/GBP, GBP/USD, GBP/JPY, USD/JPY and USD/CHF pairs.

Fan Yang CMT
Chief Technical Strategist
FXTimes

Information and opinions contained in this report are for educational purposes only and do not constitute an investment advice. While the information contained herein was obtained from sources believed to be reliable, author does not guarantee its accuracy or completeness. FXTimes will not accept liability for any loss of profit or damage which may arise directly, indirectly or consequently from use of or reliance on the trading set-ups or any accompanying chart analysis.

Category:

News & Politics

Tags:

• forex
• trading
• currency
• analysis
• financial
• markets
• eur/usd
• gbp/usd
• eur/gbp
• sterling
• euro
• ECB
• BoE
• usd/chf
• usd/jpy
• gbp/jpy
• finance