Euro Versus Dollar and Franc October 5th

FX Strategy Video > Currency Pairs Analysis

EUR/USD continues to look weak, even if there was a bit of a bounce on rumors in late NY trading Tuesday. The truth is that the failing of the 1.35 level to hold as support was significant, and we see bounces as a chance to sell from higher levels.

EUR/CHF has been stuck for quite some time. The SNB is keeping this pair afloat, and the EUR can't be seriously considered a buy until the EU gets it's collective act together. For now, this pair is dead money, but someday - we will get a resolution in Europe, and this pair will become a long-term buy at that point.

Published on 5th of October 2011
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