EURO/CHF looking bearing June 2011

FX Strategy Articles > FX Trading Tips

As Chris from FX Strategy pointed out in one of his most recent videos, the EUR/CHF pattern looks very bearish. The fundamentals are such that the European currency is very shaky with ongoing issues in Greece and other regions. In contrast the CHF is generally seen as a safe currency given the robust economy of the Swiss.

The EUR/CHF currency rebounded a little this week but now it looks like the currency could be hitting new lows. As Chris pointed out, this might be an excellent opportunity to renew your short positions for this pair.

Take particular notice of any currency involving the EURO over the next few weeks as it is looking particularly weak.

Published on 1st of June 2011
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