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[Video] Weak Euro, Improving US Conditions and Technical Levels

Euro bears are fueled with negative headlines in the debt-laden old continent. In the weekly interview on Forex TV, I spoke with Julie Sinha about the problems in Europe, the slightly improving conditions in the US and about technical levels to watch out for in EUR/USD, GBP/USD and USD/JPY. Enjoy!

This is a busy week for the volatile pound – inflation and employment numbers as well as the meeting minutes will all rock the pound, which is looking for a direction. On one hand, inflation is on the rise, triggering calls for a rate hike, but on the other hand, the situation in Britain isn’t good, especially with the austerity measures. Will the pound chose a direction now?

Also note that Dollar/Yen is off the bottom – it broke above an important resistance level – 82.87. In the interview, this pair is discussed as well.

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Yohay Elam

Yohay Elam

Yohay Elam: Founder, Writer and Editor I have been into forex trading for over 5 years, and I share the experience that I have and the knowledge that I've accumulated. After taking a short course about forex. Like many forex traders, I've earned a significant share of my knowledge the hard way. Macroeconomics, the impact of news on the ever-moving currency markets and trading psychology have always fascinated me. Before founding Forex Crunch, I've worked as a programmer in various hi-tech companies. I have a B. Sc. in Computer Science from Ben Gurion University. Given this background, forex software has a relatively bigger share in the posts.