Daily Video - 10.06.11

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EURUSD and GBPUSD Positioned for Breakouts Ahead of ECB, BoE Decisions Both EURUSD and GBPUSD have perfectly positioned themselves for a volatile reaction to highly-anticipated rate decisions. Given the proximity to major technical levels; the signals of breakouts or reversals is straightfoward. However, the bullish and bearish scenarios behind these developments, as well as the potential for meaningful follow through, is a more complicated fundamental situation.   Watch the Video Here Best regards, DailyFX Research Team research@dailyfx.com DailyFX Home | research@dailyfx.com | Contact US ©2009 DailyFX. All Rights Reserved. Forex Capital Markets, L.L.C.® assumes no responsibility for errors, inaccuracies or omissions in these materials. Forex Capital Markets, L.L.C.® does not warrant the accuracy or completeness of the information, text, graphics, links or other items contained within these materials. Forex Capital Markets, L.L.C.® shall not be liable for any special, indirect, incidental, or consequential damages, including without limitation losses, lost revenues, or lost profits that may result from these materials. Opinions and estimates constitute our judgment and are subject to change without notice. Past performance is not indicative of future results.

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