Advertisement
Advertisement

EUR/CHF Technical Analysis August 3, 2011

By:
FX Empire Editorial Board
Updated: Jan 1, 2011, 00:00 GMT+00:00

The EUR/CHF pair fell 350 pips on Tuesday as the trading world is running from European bond issues and anything else risk related at this point. The pair

EUR/CHF Technical Analysis August 3, 2011

The EUR/CHF pair fell 350 pips on Tuesday as the trading world is running from European bond issues and anything else risk related at this point. The pair has closely tracked gold this year in an inverse direction, and as the gold markets rose $40 – this pair was always going to fall. The pair is way oversold at this point, and should only be sold – but after a bounce that is desperately needed.

About the Author

Advertisement