Euro Versus Dollar and Franc February 7th

FX Strategy Video > Currency Pairs Analysis

EUR/USD fell for most of the session on Monday, but as the Americans tend to do - they bid up the common currency once the Europeans went home. The pair currently sits in a tight range, and is undoubtedly making a lot of traders frustrated to say the least.

EUR/CHF currently hovers a little bit above the world's most obvious support level - the 1.20 line. The Swiss National Bank is going to defend this level, and we believe it will be soon as the market looks dead set on testing their resolve.

Published on 6th of February 2012
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