Eur/Usd continues to makes new lows for the year.

Written January 31, 2010 at 5:36 PM EST by  

Eur/Usd made a new at 1.3852 from Friday’s low of 1.3863. Eur/Usd started to free fall after the better then expected GDP number out of U.S. from a high of 1.3970 to a low 1.3863. Which also drag down the Eur/Jpy to a new low of 125.10 with Usd/Jpy trading around 90.30 area. Over the weekend Usd/Jpy made a new low of 89.87 which again push the Eur/Jpy to a new low for the year traded at 124.59. Right now Eur/Jpy is trading at 125.00, Eur/Usd trading at 1.3860 and Usd/Jpy trading at 90.10.

eurusd-1min-1-30-2010

Here you see the Eur/Usd make the new low this Sunday afternoon.

usdjpy1min1-30-2010

Usd/Jpy had a small gap open and was quickly filled after the market opened, from Friday’s close of 90.24 to 89.97.

eurjpy-1min-1-30-2010

Eur/Jpy had the same reaction as the Usd/Jpy with a gap open at 124.59 and quickly filled that gap back to 125.11 on Friday’s close.

Now the question is this an another major signal where Eur/Usd has reversed its trend and going to start trying to retest the lows.

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