Franc Versus Dollar and Euro January 2nd

FX Strategy Video > Currency Pairs Analysis

USD/CHF fell during the session on Friday, but bounce at the 0.93 level to form a hammer. This is simply confirmation of the recent strength in the pair, and suggests that we may be ready to see a pop and breakout over the 0.95 level.

EUR/CHF fell on Friday as the Euro gets whacked in general. The pair is getting close to the bottom of the recent range, so a bounce could be coming. The 1.20 level is just below here, and the SNB will act if it is violated.

Published on 30th of December 2011
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