Euro Versus Dollar and Franc February 21st

FX Strategy Video > Currency Pairs Analysis

EUR/USD rose on a gap from the weekend as the markets reacted to the Greeks passing austerity measures. The markets seem to belief that the money will be shipped to Athens, and make every thing ok. However, the 1.3250 level produced a shooting star again.

The EUR/CHF is a highly manipulated market. The SNB is holding back the bears at 1.20, but the threat of intervention looms and the market seems like it wants to test their patience. Something will have to give, and it will only be a matter of time.

Published on 21st of February 2012
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