Franc Versus Euro and Dollar September 7th

FX Strategy Video > Currency Pairs Analysis

EUR/CHF skyrocketed during the Tuesday session as the SNB has announced a bit of a peg against the EUR @ 1.20. With this move, it has changed the rules of the game, and this pair that has been so generous to us is now going to be avoided for the time being.

USD/CHF broke through all of the barriers that we asked it to as a result. The pair now looks like it could be a buy, but it will have to rested support in the 0.83 - 0.85 area first.

Published on 6th of September 2011
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