Forex Technical Update 8/26/2010 – Bernanke’s Speech is an Event Risk for the US Dollar
September 1st, 2010
Forex Technical Update 8/26/2010 Fan Yang, CTA Technical Analyst www.FXTimes.com The Greenback is easing ahead of Bernanke’s speech tomorrow. The EUR/USD continues to be in a correction pattern. The GBP/USD is showing some initial bullish signs, but the bearish bias remains. The USD/JPY is starting to round off a top, suggesting readiness to continue its decline. A double top is spotted for the USD/CAD after a recent rally. Finally the GBP/JPY and EUR/JPY may be completing its correction rallies.
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