Franc Versus Pound and Euro August 29th

FX Strategy Video > Currency Pairs Analysis

GBP/CHF has broken the 1.30 area, and now is pressing the 1.32 level. The 1.32 area looks like resistance area that has to be taken out. The pair looks very strong, and the SNB is willing to support it - so there is no reason to fight them on it.

EUR/CHF has broken above the 1.15 area, and quite convincingly on Friday. The 1.18 is the next resistance level, and it appears that we are heading straight there. The market has bounced quite hard recently, but to be honest - this move is very small considering the strength of the downtrend in this pair for the last few years.

Published on 26th of August 2011
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