The market seems to have found a good support on top of 0,81. Considering the previous breakout of the daily range, it might be only a pullback towards former support at 0,83.
Concerns and expectations for the European Summit. Asian and European trading session: Euro: Euro started the week by showing losses against major currencies on concerns about the fact that European leaders were unable to agree on measures...
Quite trading session was witnessed in the FX market where in the USD remained flat by the end of New York close. It seems that the all the eyes are Euro Zone debt crisis and the US...
The USD/CHF pair rose on Monday, after gapping lower at the open. The pair is most decidedly bearish, but this move may lead the way to a bounce of sorts in the market. Any serious trader knows...
The breakout of the daily range has opened the door to additional losses on the pair which continues to print record lows week and week.
New wave of concerns over the possible debt crises of Italy and Ireland overwhelmed the market
The US Dollar traded mixed against most of the majors, wherein it continued appreciating against the Aussie Dollar and traded flat against other majors of the Euro, the Cable and the Japanese YenKey equity index, Dow Jones...
The breakout of the daily range has opened the door to additional losses on the pair which continues to print record lows week and week.
USDCHF continued its downward move from 1.1730 (2010 high) and reached as low as 0.8084. Further fall is expected after a minor consolidation and next target would be at 0.7900 area. Resistance is at the downtrend line...
The USD/CHF pair rose slightly on Wednesday, but the move was much smaller than the fall on Wednesday. The pair is most certainly in a downtrend for ages, and there is no reason to think it will...