Euro Versus Dollar and Franc May 25th

FX Strategy Video > Currency Pairs Analysis

The EUR/USD managed a bounce on Tuesday, but continues to look heavy. The stock markets fell late in trading during the US session, and this pair has been tracking the S&P500 recently. Because of this, it is going to be hard to buy this pair. A break of 1.40 is seriously bearish. The EUR/CHF pair looks horrible. The hammer made on Monday is followed by a red candle, and it looks as if the market wants to test the resolve of the 1.24 mark after all.

Published on 24th of May 2011
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