Euro Versus Franc and Pound May 26th

FX Strategy Video > Currency Pairs Analysis

The EUR/CHF continues to fall, making new lows and shows no real signs of turning around anytime soon. Because of this we are looking to sell rallies, sell new lows, and never buy this pair. The measured move could see us as low as 1.16 or so before it is all said or done. The EUR/GBP has broken support, and it looks like the pair has taken a decidedly bearish turn. This pair could fall again, and a break of the lows should bring in new sellers.

Published on 26th of May 2011
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