Euro Versus Franc and Dollar February 2nd

FX Strategy Video > Currency Pairs Analysis

EUR/CHF rose slightly on Wednesday, bouncing from ultra-low levels. The 1.20 level is just below, and the entire world knows that the Swiss National Bank will get involved if this market falls below it. Because of that, you can only buy if you need to get involved.

EUR/USD rose against the Dollar as well. However, the 1.32 and 1.31 levels seem to have this market in a a bit of a squeeze, and with Non-Farm Payroll coming up tomorrow, it is difficult to see this pair breaking out. Of course, it is Europe - which means headlines could come out to move it...

Published on 1st of February 2012
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