Euro Verus Dollar and Franc October 20th

FX Strategy Video > Currency Pairs Analysis

EUR/USD rose in the starting hours of the Wednesday session, but got absolutely pummeled as it approached the 1.3850 resistance area. The 1.3850 - 1.40 area is going to be massively resistive, and it looks like the market is getting more and more jittery before the EZ summit over the upcoming weekend.

EUR/CHF looked to break out on the session on Wednesday, but failed and formed a shooting star. This pair continues to be supported by the Swiss National Bank below. (1.20) Because of this, we are wanting to buy the pair, but only if the EU summit goes well.

Published on 19th of October 2011
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