EURUSD
The EUR/USD was not able to build on the gains received early in the week, after gapping up on news that the EU had an agreement on deal with Greece’s solvency. The currency pair has filled the gap and is resting on both the 20-day moving average and a trend line breakout that occurred in from the gap.
USDJPY
Risk aversion returned to the currency markets with the Yen becoming the beneficiary. The USD/JPY dropped a big figure on the SEC action, and sliced through the 20-day moving average. Earlier in the week, the 5-day moving average crossed below the 20-day moving average.
The EUR/USD was not able to build on the gains received early in the week, after gapping up on news that the EU had an agreement on deal with Greece’s solvency. The currency pair has filled the gap and is resting on both the 20-day moving average and a trend line breakout that occurred in from the gap.
USDJPY
Risk aversion returned to the currency markets with the Yen becoming the beneficiary. The USD/JPY dropped a big figure on the SEC action, and sliced through the 20-day moving average. Earlier in the week, the 5-day moving average crossed below the 20-day moving average.
