Euro Versus Dollar and Franc August 2nd

FX Strategy Video > Currency Pairs Analysis

The EUR/USD fell on Monday, even after popping higher in early trading. The low on Monday could be a place in which more selling gets triggered as the pair will almost certainly switch focus from the US debt deal to the European bond issues once the bill is signed in DC.

The EUR/CHF pair fell off of a cliff on Monday, but did manage to bounce a little towards the end of trading. The 1.10 was nearly tested, and it seems that we will almost certainly see that level again. The bounce should be nothing more than another selling opportunity, and as such - we are waiting for some kind of rally - assuming this pair can do that.

Published on 1st of August 2011
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