Home Video – EUR/USD, GBP/USD, AUD/USD and the Egyptian Situation

Video – EUR/USD, GBP/USD, AUD/USD and the Egyptian Situation

Speaking on Forex TV with Julie Sinha, I spoke about technical levels for selected pairs, including key levels to watch for. In addition, we discussed teh impact of the events in Egypt on currencies, and some of the important events awaiting us next week. We’re up for a very busy week regarding US and non-US indicators. Enjoy!

EUR/USD slipped down, but managed to bounce back up. GBP/USD is standing exactly at the critical spot – 1.60, while AUD/USD dipped below parity, but managed to close above it – a bullish sign.

In Egypt, Mubarak has stepped down, but the future is unclear. The protesters want to see the army really transitioning the country into democracy, and they are somewhat split between themselves. Within the army ranks, there also are conflicts between the high ranking generals and the officers on the field. This isn’t fading away so fast.

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.