Euro against the Dollar and Franc May 20

FX Strategy Video > Currency Pairs Analysis

The EUR/USD is currently confirming the 1.42 as being a supportive area for the pair. The uptrend looks to be intact, as the selling pressure has abated. The 1.44-1.45 level could provide choppiness, but has been overcome recently as well. The bulls seem to be in control. The EUR/CHF market is absolutely different, as the EUR is struggling against the CHF, even though we have seen a small bounce. Notice how bounces keep failing. This continues the downward pressure on the pair.

Published on 19th of May 2011
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