Euro Versus Dollar and Franc February 28th

FX Strategy Video > Currency Pairs Analysis

EUR/USD fell on Monday as the 50% retracement level came into play. Also of note was the 200 day EMA and 1.35 handle. With all of this, and the fact that the pair had risen so much - a pullback was bound to happen. Short-term selling can be expected going forward if we fall a bit lower.

EUR/CHF still remains just above the 1.20 level. It is as if the traders out there are trying to tempt the SNB into doing something - or are they already???

Published on 27th of February 2012
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