Euro Versus Dollar and Franc December 30th

FX Strategy Video > Currency Pairs Analysis

EUR/USD fell for the start of the Thursday session as the Italian 10 year bonds had a lackluster performance at auction. Further compounding the problems: The yields rose above 7% in secondary markets. The 1.29 level gave way - but we saw a bonce late, and formed a hammer.

EUR/CHF looks somewhat the same as it formed a hammer at support. The pair is at the bottom of the recent consolidation areas, and looks very constructive for a short-term bounce.

Published on 29th of December 2011
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