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Forex: Euro and Pound slide at European session opening

By FXstreet.com,  October 04, 2010, 03:42:00 AM EDT

FXstreet.com (Barcelona) - The Euro and the British Pound are pulling lower, breaking below the floor of their respective consolidating channels seen on Asian session, as risk appetite plunged on European session opening, with equity markets trading with moderate losses.

EUR/USD has broken lower, and, after having remained trading between 1.3740 and 1.3780/90 during most of Asian session, the pair has dropped to session low at 1.3715 at European opening.

GBP/USD which had been consolidating in a range between 1.5780 and 1,.5825 during Asian trade, broke lower at European opening, to hit session low at 1.5750.




The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.


This article appears in: Investing, Forex and Currencies

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