A break above 1.2150 would be a key event and would reflect some pressure away from the CHF. Otherwise, we are still looking at a bearish EUR/CHF with 1.20 floor getting weaker and weaker as the Eurozone crisis deepens.
Sunday, 27 May 2012
EUR-CHF prediction today may 28 2012
forex trading outlook today - EUR-CHF prediction today may 28 2012 : EUR/CHF has been gently bid in early Asia. The pair, which has been a lot more volatile lately, has been taken higher on news that the SNB is working towards imposing capital controls in case of a Euro collapse. Current price is at 1.2025.
A break above 1.2150 would be a key event and would reflect some pressure away from the CHF. Otherwise, we are still looking at a bearish EUR/CHF with 1.20 floor getting weaker and weaker as the Eurozone crisis deepens.
A break above 1.2150 would be a key event and would reflect some pressure away from the CHF. Otherwise, we are still looking at a bearish EUR/CHF with 1.20 floor getting weaker and weaker as the Eurozone crisis deepens.
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