Euro Versus Dollar and Franc December 29th

FX Strategy Video > Currency Pairs Analysis

EUR/USD fell during the low volume session on Wednesday as the "risk off" trade came back. The move could have been a bit exaggerated, but the Italian bond auction later today will more than likely move this pair. If the 1.29 level gives way - look out below.

EUR/CHF is currently at the bottom of the recent range. However, the Euro is being so beat up presently - we aren't biting. The pair could continue lower, but selling won't be easy either - there's a floor!

Published on 28th of December 2011
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