Euro Versus Dollar and Franc January 19th

FX Strategy Video > Currency Pairs Analysis

EUR/USD shot straight up for the session on Wednesday as traders celebrated more potential free money for Greece. The pair however, is pushing against at least two major resistance points now.

EUR/CHF formed a shooting star at the bottom of a recent fall, which signals more weakness. However, only the truly brave are shorting at this point - just 70 or so pips above the Swiss National Bank's "Line in the sand" at 1.20.

Published on 18th of January 2012
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