Dollar Versus Euro and Franc February 22nd

FX Strategy Articles > Money Management

EUR/USD rose in reaction to the Greeks getting their bailout as the "risk on" trade came back. The 1.3250 level looks like it has pushed back at the bulls, and as a result the daily close forms a shooting star.

The USD/CHF pair is often thought of an the inverse of EUR/USD. The two hammers in a row certainly proves this. The 0.91 to 0.90 level continues to act as support, and this suggests that the buyers are about to step in again.

Published on 21st of February 2012
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