Euro Versus Franc and Dollar April 9th

FX Strategy Video > Currency Pairs Analysis

EUR/CHF fell on Friday, for the second day in a row. The 1.20 level is being tested, and it seems that the Swiss National Bank will have to enforce their "minimum acceptable exchange rate". Because of this, we are not interested in testing the central bank's will. Buying can be done though - if you are patient.

EUR/USD rose on Friday, after falling most of the week. The poor Non-Farm Payroll numbers out of America sent this pair higher - but it should be noted that the pair was stopped dead in its tracks by the first sign of resistance at 1.31 and sat still.

Published on 6th of April 2012
eTorro - Trading Starts Here

Start Trading Forex with up to $10,000

  • 100s Videos and FX Strategy articles
  • Advice from our FX traders
  • Practive free with using real time