On August 11th, both the euro and the British pound were held back by international factors. Firstly, the US FED’s decision to continue fighting economic slowdown resulted in an unchanged interest rate and the strengthening of the dollar. The second factor was the opening of the Asian markets, which resulted in a weakening of both the euro and the pound in the forex trading market.

Overall, the EUR/USD traded at a high of 1.3232 and a low of 1.3073. The GBP/USD pair traded at a high of 1.5906 and a low of 1.5708. Both of these pairs broke their respective support levels.

The dollar, on the other hand, was able to gain against most of the majors. The US stock markets weakened, with Dow Jones and NASDAQ losing by -0.51% and -1.24%, respectively. The interest rate was pegged at 0.25%, gold made small gains to close at $1,203 per ounce, and crude oil weakened to close at $80.2 per barrel.