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FXTimes Forex Technical Update 6/1/2010

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Uploaded by on Jun 1, 2010

Forex Technical Update 6/1/2010: forex trading, EUR/USD, GBP/USD, EUR/JPY, XAU/USD, Gold, technical analysis
Fan Yang CTA
www.fxtimes.com

There was a broad slide in the US dollar to start the week. However the Euro bore even more pressure as the EUR/USD pair hammers at its 1.2150 support. The GBP/USD pair is in consolidation but looks much stronger than the EUR/USD. The EUR/JPY made a convincing rally attempt today, but it is within a side-ways consolidation with bearish bias. Finally Gold continues to rally towards the record high near 1250 as anticipated.

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