Euro Versus Dollar and Franc February 23rd

FX Strategy Video > Currency Pairs Analysis

EUR/USD hardly moved during the Wednesday session as the 1.3250 level continues to be resistive. The area is also the 38.2% retrace of the fall from last year, and the 100 EMA is just above. With all of this in mind, we are looking for weakness to sell as the reaction to Greece settling the deal hasn't been that impressive....

The EUR/CHF continues to fall and test the patience of the Swiss National Bank. Because of this, we are not willing to sell at these low levels.....we are simply far too close to the "floor" in this pair. On the other hand, we like buying short-term supportive candles.

Published on 22nd of February 2012
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