Forex Technical Update 11/11/2010 – Preparing for a Euro Rebound


www.fxtimes.com – Forex News, Analysis, Education, Live-events The stories on the Euro have been very bearish, particularly regarding sovereign debt issues in Ireland. We see the euro decline across the board this week. After an initial swing such as this week’s, let’s see if the euro will take a breather. The market is a bit manic as debt issues re-emerge for the eurozone. But if there is a correction to this week’s downtrend, or a continuation of the intermediate term uptrend, which currency pair should we expect the biggest move from? EUR EUR/GBP, EUR/AUD, EUR/CAD, EUR/CHF, EUR/JPY. Fan Yang CMT, Chief Technical Strategist FXTimes