Euro Versus Franc and Kiwi September 6th

FX Strategy Video > Currency Pairs Analysis

EUR/CHF continues to fall on Monday, but stopped dead in it's tracks at the 1.10 level for a second day in a row. Perhaps the Swiss National Bank is subtly trying to influence the markets at this point? Or is it that the 50% Fibonacci retrace is at this level? Either way, it has our interest at this point.

EUR/NZD look as if the move to 1.7000 is complete after triggering longs on a break of the Friday hammer to the upside. The pair is in a massive downtrend, and any weakness in the 1.7000 area gets us very short of this pair at this time.

Published on 5th of September 2011
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