Euro Versus Dollar and Franc June 17th

FX Strategy Video > Currency Pairs Analysis

The EUR/USD pair has been the focus of everyone during the last few days. On Thursday, we saw a hammer form, and this doesn't necessarily suggest massive bullishness to us, simply a sign that we aren't done consolidating. The EUR/CHF formed a hammer as well on Thursday, and right above the all-important 1.20 level. The pair looks like it might want to run back to 1.23 or so. Either way - we sell this pair, not buy it.....profits come to those who are patient.

Published on 16th of June 2011
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